Bangkok Bank, Thanachart Capital, Ticon: Thailand Equity Preview
The SET Index (SET) rose 0.8 percent to 1,194.60.
Bangkok Bank Pcl (BBL) : Thailand’s biggest lender said first-quarter profit rose 25 percent to 8.08 billion baht ($261 million) as companies sought loans to rebuild after last year’s flooding. That compared with the 7.79 billion-baht average of six analyst estimates compiled by Bloomberg. Bangkok Bank climbed 0.5 percent to 193 baht.
Thanachart Capital Pcl (TCAP TB): Prudential Plc is considering bidding for the insurance business of Thailand’s Thanachart, Reuters reported, citing people it didn’t identify. The deal would be worth “around $500 million,” the report said. Thanachart declined 1.6 percent to 31.25 baht.
Ticon Industrial Connection Pcl (TICON) : The company established a subsidiary, Ticon Property Inc., to explore investment opportunities in real estate in the U.S., it said in a regulatory filing. Ticon fell 0.8 percent to 12.7 baht.
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