The Stock Exchange of Thailand (SET) composite index on Monday dropped 5.94 points or 0.67 per cent to close at 884.51 points. The market value was 49.39 billion baht, with 22.63 billion shares traded.

Top five most active values were as follows;

JAS closed at 1.64 baht, down by 0.10 or 5.75 per cent.

TMB closed at 2.38 baht, up by 0.08 or 3.48 per cent.

BTS closed at 0.87 baht, up by 0.01 or 1.16 per cent.

SSI closed at 1.90 baht, up by 0.07 or 3.83 per cent.

TRUE closed at 7.30 baht, up by 0.50 or 7.35 per cent.

Union Frozen Products Group (UFP), one of Thailand’s leading frozen seafood manufacturers and exporters, has projected its annual sales will reach 15 billion baht within five years.

To achieve the goal, the company plans to foster its co-operation with international trading partners in the United States, Japan and Europe and penetrate new markets in the Middle East and Eastern Europe, said chief marketing officer Anurat Khokasai.

Next year, it will also add three to five new menu items for ready-to-eat seafood products, generating 500 million baht annually. Its new business of slicing fish for export to Japan will also help raise sales by 300-400 million baht a year.

Siam Cement Group (SCG), Thailand’s top industrial conglomerate, wants to establish a global presence for its SCG and COTTO brands of building materials starting in Asean.

Currently, Vietnam is considered the first strategic country for the move to establish the international recognition of its SCG brand for construction products and COTTO brand for sanitary ware including tiles and faucets.

Other countries in Indochina, including Burma and Cambodia, as well as the Philippines, are the next targets of Siam Cement’s Brand Management Office, which is tasked with increasing the awareness of the brands in the domestic and overseas markets.

“The move is expected to further strengthen our leadership in both the construction and sanitary ware markets,” said brand director Anuvat Chalermchai.

Shayne Heffernan www.livetradingnews.com

Posted by Shayne Heffernan on Aug 25th, 2010and filed underASEAN News, Asia, Commodities, Commodities, Economics, Latest News, Markets, News & Events, Shayne Heffernan, Stocks.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site