Big C, Chonburi Concrete, Italian-Thai, PTT: Thai Equity Preview
Shares of the following companies may have unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of yestrday’s close.
The SET Index (SET) fell less than 0.1 percent to 1,203.91. The gauge has jumped 17 percent this year, poised for its best quarterly performance since the three months ended September 2010.
Energy companies: Crude oil futures fell to a six-week low, dropping 2.5 percent to $102.78 a barrel in New York yesterday. Oil was last at $103.46. PTT Pcl (PTT) , Thailand’s biggest energy company, declined 0.3 percent to 358 baht. PTT Exploration & Production Pcl (PTTEP) , the largest explorer, was unchanged at 179 baht.
Big C Supercenter Pcl (BIGC) : The unit of Casino Guichard-Perrachon SA plans to sell as many as 23.6 million shares, or a 2.9 percent stake, through a private placement, it said in a regulatory filing. An earlier plan to raise 25 billion baht ($810 million) through the sale of stock to existing investors has been postponed, it said. The shares fell 2 percent to 171 baht.
Chonburi Concrete Product Pcl (CCP) : The producer of concrete products sold land valued at 79.4 million baht, it said yesterday in a regulatory filing. The shares were unchanged at 2.32 baht.
Italian-Thai Development Pcl (ITD) : The nation’s biggest construction company said Myanmar’s government agreed to allow the construction of a power plant at the Dawei industrial estate that will be fueled by natural gas for the first five years, the Thai-language Krungthep Turakij reported, citing the company’s Chairman Premchai Karnasuta. The shares rose 2.3 percent to 3.5 baht.
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