Thailand Stocks: Brooker, MCS Steel, PTT, Sri Trang, Thai Rubber
The SET Index (SET) rose 0.7 percent to 1,137.91, heading for the highest close since Aug. 2.
Rubber producers: Sri Trang Agro-Industry Pcl (STA) , Thailand’s biggest publicly traded rubber producer, gained 1.9 percent to 21.2 baht, set for the steepest advance since Jan. 31. Thai Rubber Latex Corp. (Thailand) Pcl (TRUBB) increased 1.7 percent to 4.9 baht.
Rubber futures in Tokyo rose as much as 3.1 percent to 328.1 yen a kilogram ($4,124 a metric ton), the highest level since Sept. 26.
Brooker Group Pcl (BROOK) , a provider of business consulting and market research services, fell 5.6 percent to 1.01 baht. The company plans to sell 145.2 million new shares at 1.05 baht each in a private placement, it said in a regulatory filing.
MCS Steel Pcl (MCS) , a steel producer, slid 6.3 percent to 9.75 baht, poised for the largest drop since Sept. 26. Net income in 2011 declined 41 percent to 476.3 million baht ($15.5 million).
PTT Pcl (PTT) , Thailand’s biggest company, climbed 2.6 percent to 353 baht, set for the highest close since May 31. PTT plans to increase oil and gas production to 900,000 barrels of oil equivalent a day and annual coal output to 70 million metric tons by 2020. The company also plans to plant oil palm over 500,000 hectares of land by 2020, Supattanapong Pumeechao, senior executive vice president, said after the market close on Feb. 17.
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