A Thai animal feed producer, Lee Feed Mill Pcl, jumped the most in more than eight years in Bangkok trading after the company said it will buy back its shares at above market prices. The stock surged 22 percent to close at 4.18 baht, the steepest gain since November 2003. It was the best performer on the 485-member SET Index, which climbed 0.7 percent to 1,076.29.
“The share price should climb further, close to the offering price in the share repurchase program,” Jitra Amornthum, the head of research at Finansia Syrus Securities Pcl in Bangkok, said by phone. “The company is also signaling that the current stock price is lower than it perceives” as fair value. Read more ...
“The share price should climb further, close to the offering price in the share repurchase program,” Jitra Amornthum, the head of research at Finansia Syrus Securities Pcl in Bangkok, said by phone. “The company is also signaling that the current stock price is lower than it perceives” as fair value. Read more ...
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