Thailand Stocks: Banpu, Electricity Generating, NEP Realty
The SET Index (SET) rose 0.4 percent to 1,162.93, gaining for a fifth day.
Banpu Pcl (BANPU) , Thailand’s biggest coal producer, fell 1.3 percent to 472 baht, its biggest drop in a week. Societe Generale SA reduced its forecast for prices of Australian coal, an Asian benchmark, by 3.2 percent for 2012 amid concern that slowing global economic growth will damp demand for the fuel.
Electricity Generating Pcl (EGCO) , a power producer, rose 1.9 percent to 107 baht. The company had its share-price estimate raised to 129 baht from 120 baht at KGI Securities Thailand Pcl after receiving government approval to build a 900- megawatt power plant, the brokerage said today in a note to clients.
NEP Realty & Industrial Pcl (NEP) , a property developer, surged 29 percent to 0.84 baht, the biggest gain in eight months. Thailand’s Supreme Court ordered Bangkok Land to return an advanced payment for residential properties to NEP Realty, the company said today in a regulatory filing.
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