Thailand Stocks: Thai-German Products, United Palm, Univanich
Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 12:30 p.m. break in Bangkok.
The SET Index (SET) rose 0.1 percent to 1,160.09.
Thai-German Products Pcl (TGPRO) , a producer of ceramic tiles, surged 26 percent to 0.29 baht, set for the largest increase since Aug. 17. The company signed an agreement with an investor to sell 1.18 billion shares at 0.20 baht each. It will use the 236 million baht ($7.7 million) proceeds to repay debt, according to its regulatory filing.
United Palm Oil Industry Pcl (UPOIC) , a palm oil producer, rose 1.1 percent to 9.10 baht. Palm oil futures in Malaysia advanced 1.5 percent to 3,352 ringgit ($1,114) a metric ton on March 9, the highest for the most-active contract since June 7.
Univanich Palm Oil Pcl (UVAN) dropped 1.5 percent to 99 baht, poised for the steepest decline since Nov. 21. Investors who buy the stock today, won’t be entitled for its cash dividend of 5 baht a share.
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