Thailand’s Somboon Drops to Record Low After Halting Dividends
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Somboon Advance Technology Pcl, Thailand’s second-worst performer among publicly traded auto-part makers, dropped to a record low in Bangkok trading after halting dividend payment.
Somboon fell 2.3 percent to 3.34 baht as of 10:16 a.m. on the Stock Exchange of Thailand, the lowest since the company was listed in January 2005. The shares have lost 33 percent this year, the second most among 19 stocks in the SET Automotive Index.