By Berni Moestafa
Oct. 24 (Bloomberg) -- The following companies may have unusual price changes today in Asia trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
Asustek Computer Inc. (2357 TT): The world's largest maker of boards that connect computer parts said it will sell as many as 350 million new shares to fund the purchase of factory equipment and boost working capital. Asustek fell NT$1.8, or 3.5 percent, to NT$50.3.
British American Tobacco (Malaysia) Bhd. (ROTH MK): The cigarette maker said third-quarter profit rose 13 percent to 232.2 million ringgit ($65 million) from a year earlier, helped by higher pricing and volume. Revenue climbed 8.8 percent to 1.09 billion ringgit, it said in a statement. British American climbed 25 sen, or 0.6 percent, to 41.25 ringgit.
China Steel Corp. (2002 TT): Taiwan's largest steelmaker posted a 4 percent gain in pretax profit in the first nine months from a year ago. Pretax profit was NT$48.5 billion ($1.5 billion) in the first three quarters, the company said. China Steel fell 80 cents, or 3.4 percent, to NT$22.9.
Formosa Petrochemical Corp. (6505 TT): Taiwan's only publicly traded oil refiner, restarted its No. 2 ethylene plant on Oct. 19 after repairing a mechanical fault. Formosa was unchanged at NT$73.6.
GMA Network Inc. (GMA7 PM): The Philippines' largest TV company by market value said profit gained 23 percent in the third quarter to 823 million pesos ($17 million). The stock decreased 15 centavos, or 3.2 percent, to 4.55 pesos.
Hyundai Motor Co. (005380 KS): South Korea's largest automaker decided to support its capital unit's loan agreement with General Electric Co. Hyundai Capital Services Inc. may get a credit line of $1 billion from GE, which owns 43 percent of the Seoul-based company, Hyundai Motor said. Hyundai Motor rose 600 won, or 1.2 percent, to 50,700.
Indo Mines Ltd. (IDO AU): The Australian minerals explorer may start commercial operations at a $600 million pig-iron plant in the Indonesian province of Yogyakarta by 2011, the head of the province, Governor Sultan Hamengkubuwono X, said. Indo Mines was unchanged at 46 Australian cents.
Kencana Petroleum Bhd. (KEPB MK): The oil and gas services provider said it won contracts totaling 288 million ringgit from Petronas Carigali Sdn. for the fabrication of offshore facilities. Kencana lost 1 sen, or 0.8 percent, to 1.19 ringgit.
Keppel Corp. (KEP SP): The world's biggest maker of shallow- water oil rigs said profit climbed 10 percent to S$272.9 million ($182 million) on higher demand for its products. Keppel declined 17 cents, or 4.1 percent, to S$4.00.
Lotte Shopping Co.(023530 KS): South Korea's largest department store's third-quarter profit fell 19 percent after it spent more to add outlets amid slowing sales growth. Net income was 122.7 billion won ($87 million) in the three months ended September, it said. Lotte declined 14,500 won, or 8.6 percent, to 153,500.
Perpetual Ltd. (PPT AU): The Australian fund manager said it suspended redemptions for its monthly income and mortgage funds to stem outflows following the government's guarantee of Australian bank deposits. Perpetual rose 15 cents, or 0.3 percent, to A$46.15.
Robinsons Land Corp. (RLC PM): The third-largest Philippine developer said it will build a chain of hotels that will serve ``value-for-money'' customers. The stock fell 20 centavos, or 3.1 percent, to 6.20 pesos.
SK Energy Co. (096770 KS): South Korea's biggest oil refiner will invest 159 billion won ($113 million) to expand production lithium battery parts. The investment will be made from this month to April 2010, the Seoul-based company said. SK Energy plunged 9,900 won, or 14 percent, to 59,000.
Vista Land & Lifescapes Inc. (VLL PM): The developer said it bought back 6.07 million shares yesterday when the stock closed at a record low. Vista decreased 4 centavos, or 3.5 percent, to 1.12 pesos.
To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net.
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