Thailand Stocks: Kang Yong, Sino-Thai Engineering, Thai Airways
The SET Index (SET) rose 0.4 percent to 1,117.40, the highest close since Aug. 4.
Kang Yong Electric Pcl (KYE) , a maker of electric appliances, climbed 4 percent to 208 baht, the highest close since Aug. 4. Profit for the quarter ended Dec. 31 more than doubled to 164.6 million baht ($5.3 million).
Sino-Thai Engineering & Construction Pcl (STEC TB), a contractor, gained 1.5 percent to 13.50 baht. Net income in 2011 doubled to 903.5 million baht, it said in a company statement.
Thai Airways International Pcl (THAI) , the country’s largest carrier, advanced 1.9 percent to 26.75 baht, the highest close since Aug. 23. The state-controlled carrier may record a profit this year after an earthquake and tsunami in Japan and the worst flooding in about 70 years in Thailand plunged the company into a net loss in 2011, Thai Airways Vice President Raj Tanta-Nanta said in a phone interview today.
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