Thailand Stocks: Siam Commercial Bank, Seafco, Ticon Industrial
The SET Index (SET) rose for a third day, climbing 0.5 percent to 1,091.67, the highest close since Aug. 17.
Siam Commercial Bank Pcl (SCB) , Thailand’s fourth- biggest lender by assets, climbed 2.9 percent to 124.50 baht, the highest since Aug. 2. The bank plans to sell a total of 20 billion baht ($647 million) of bonds, it said in an emailed statement. The bonds will have a maturity of 10 years and pay a coupon of 4.5 percent, it said.
Seafco Pcl (SEAFCO) , an engineering services company, gained 1.1 percent to 3.80 baht, the highest close since Aug. 8. The company won seven contracts valued at 141 million baht.
Ticon Industrial Connection Pcl (TICON) , a factory developer, jumped 4 percent to 13 baht, its highest close since Sept. 21. The company was rated “outperform” in new coverage at Macquarie Group Ltd., which cited the company’s “strong earnings outlook.”
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