Asia Ex-Japan Equity Preview: China Mobile, Chunghwa, Jollibee

By Berni Moestafa

June 28 (Bloomberg) -- The following companies may have unusual price changes in Asian markets, excluding Japan, on June 30. Stock symbols are in parentheses, and share prices are from the previous close.

China Mobile Ltd. (941 HK): The world's biggest phone company is closer to reaching an agreement to offer Apple Inc.'s (AAPL US) iPhone after the U.S. company stopped demanding operators to surrender part of the monthly phone bill. China Mobile dropped 1.7 percent to HK$104.40.

China Synthetic Rubber Corp. (2104 TT): The U.S. Supreme Court refused to question a $17.5 million punitive damage award in a lawsuit that accused China Synthetic Rubber of letting pollution from an Alabama plant harm neighboring properties. China Synthetic Rubber lost 6.2 percent to NT$33.4.

Chunghwa Telecom Co. (2412 TT): Taiwan's largest telephone company said it plans to return NT$19.1 billion ($629 million) to investors and seek operating licenses in Japan and Singapore to broaden its revenue base. Chunghwa declined 0.1 percent to NT$75.

Hankook Tire Co. (000240 KS): Michelin & Cie. (ML FP), the world's second-largest tiremaker, raised its stake in South Korean partner Hankook Tire to almost 10 percent under a five- year-old cooperation agreement between the companies. Hankook retreated 2.4 percent to 14,350 won.

Hyflux Ltd. (HYF SP): Singapore's biggest publicly traded water treatment company said it offered unit Hyflux Water Trust the right to buy S$180 million ($132 million) of projects in China. Hyflux fell 4.5 percent to S$2.98.

Jollibee Foods Corp. (JFC PM): The Philippines's biggest fast-food company said sales growth will slow this year as rising prices for oil and other goods and services leaves customers with less to spend. Jollibee dropped 1.5 percent to 34 pesos.

Malaysian Airline System Bhd. (MAS MK): The national carrier raised fuel surcharges for international flights by as much as 80 percent to cope with jet-fuel prices that have roughly doubled in a year. Malaysian Airline was unchanged at 3.20 ringgit.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net.