Thailand Stocks: Big C, Bumrungrad, Quality Houses, Raimon Land
The SET Index (SET) fell for the first time in five days, dropping 0.6 percent to 1,157.95.
Retailers: Big C (BIGC) Supercenter Pcl and rival Thai retail companies need to report “spectacular earnings” to extend a 23 percent rally in consumer stocks this year, according to MFC Asset Management Pcl. The SET Commerce Index, the nation’s best- performing industry group in 2012, will lag behind gains in the benchmark SET Index this year, said Chakrit Puechpan, head of domestic equity at MFC Asset, which manages about $8.8 billion of assets.
Big C (BIGC TB), the nation’s second-largest hypermarket operator, declined 2.2 percent to 153.5 baht, the first loss in four days. Home Product Center Pcl (HMPRO) lost 2.4 percent to 12 baht. Siam Global House Pcl (GLOBAL) slipped 1.6 percent to 12 baht.
Bumrungrad Hospital Pcl (BH) , a private-hospital operator, gained 2.1 percent to 49 baht, the highest close since Jan. 17. The company was upgraded to “outperform” from “neutral” at Credit Suisse Group AG, which said the company’s profits will be boosted by an increase in medical tourism.
Quality Houses Pcl (QH) , a property developer, climbed 3.9 percent to 1.88 baht, the highest close since Aug. 17. The company was upgraded to “neutral” from “underperform” at KGI Securities (Thailand) Pcl, which cited an improving business outlook.
Raimon Land Pcl (RAIMON) , a property developer, declined 2.1 percent to 1.44 baht, the first loss in five days. Investors are required to pay cash upfront before placing orders to buy Raimon’s shares, the bourse said in a statement on March 2.
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