Thailand Stocks: Bangkok Life, CP All, Thai Union, Vinythai
The SET Index (SET) fell 0.2 percent to 1,137.82, halting a three-day advance.
Bangkok Life Assurance Pcl (BLA) , the nation’s largest publicly traded insurance company, dropped 4.3 percent to 44.75 baht, the biggest loss since Dec. 13. The company will pay a dividend of 0.34 baht a share for July to December, it said in a regulatory filing. That compares with 0.4 baht in the same period a year earlier.
CP All Pcl (CPALL) , Thailand’s biggest convenience-store operator, gained 3 percent to 60.5 baht, a record close. Net income in 2011 climbed 20 percent to 8.01 billion baht ($261 million). The company plans to offer a stock and cash dividend to its shareholders, it said in a regulatory filing.
Sri Trang Agro-Industry Pcl (STA) , the country’s biggest publicly traded rubber producer, gained 3.8 percent to 21.80 baht, the highest close since Sept. 19. Rubber futures advanced 2.8 percent to settle at 337.6 yen a kilogram on the Tokyo Commodity Exchange, the highest settlement since Sept. 22.
Thai Union Frozen Products Pcl (TUF) , the nation’s largest seafood exporter, increased 2.2 percent to 71 baht, the steepest gain since Feb. 15. Profit in 2011 increased 77 percent to 5.08 billion baht, and the company is targeting 20 percent net-income growth this year, it said in a statement today.
Vinythai Pcl (VNT) , a producer of polyvinyl chloride, advanced 1.1 percent to 17.80 baht. Net income last year rose 32 percent to 1.99 billion baht and the company will pay a dividend of 1 baht a share, compared with 0.7 baht a year ago.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com