Dhipaya Insurance, Seafco, Tata Steel: Thailand Equity Preview - Bloomberg

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By Anuchit Nguyen -

Shares of the following companies may have unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of yesterday's close.

The SET Index (SET) fell 1.1 percent to 1,171.23.

Dhipaya Insurance Pcl (TIP) : The non-life insurer was cut to 'BBB+' from 'A-' with a negative outlook at Standard & Poor's Ratings Services, which cited a weakened capital position. Dhipaya gained 0.9 percent to 23.2 baht.

Seafco Pcl (SEAFCO) : The engineering services company got eight contracts worth a total of 112.9 million baht ($3.6 million), it said in a regulatory filing. The shares were unchanged at 3.62 baht.

Tata Steel (Thailand) Pcl (TSTH) : The steelmaker may record a net loss in 2012 on rising competition from Chinese products, the English-language Bangkok Post newspaper reported, citing President Peeyush Gupta. The shares declined 1.2 percent to 0.8 baht.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net