PTTAR closes at Bt47.75 at mid-day brake

PTTAR closes at Bt47.75 at mid-day brake

Stock price of PTT Aromatics & Refinerey Plc (PTTAR), the company emerged from an amalgamation of Aromatics (Thailand) Plc and Rayong Refinery Plc, stood at Bt47.75 at the mid-day brake.

The stock opened at Bt49.50 before weakening to Bt47.75, well above the price calculated from ATC's and RRC's closing price ahead of suspension for the merger at Bt43.

With market capitalisation of over Bt130 billion, the 11th largest in the Thai market, it is expected to boost the market's attractiveness. However, the trading on Wednesday failed to boost the general trading sentiment in the Stock Exchange of Thailand.

The SET Index opened slightly higher than the closing on December 28, 2007 but kept sliding to close at mid-day at 846.67 points, down 11.43 points or 1.33 per cent, on thin turnover of Bt7.145 billion.

- The Nation

SSA

ShinSat achieves sales of 100,000 iPSTAR terminals

Shin Satellite Plc has achieved the accumulated total sales of 100,000 user terminals of its iPSTAR broadband satellite as of the end of 2007, according to its release on Wednesday.

The terminal set consists of the satellite modem and antenna for sending and receiving high-speed data.

ShinSat launched the iPSTAR satellite in August 2005 and its footprint covers Asia Pacific region.

Currently IPSTAR provides full nationwide broadband satellite services in eight countries with 11 gateways including, Australia, Cambodia, China, Laos, Thailand, Myanmar, New Zealand, and Vietnam. IPSTAR will continue to expand its service coverage to the rest of Asia-Pacific in this year.

-The Nation