By Ian C. Sayson
Nov. 18 (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.
China Life Insurance Co. (601628 CH): The nation's largest insurer said its 10-month premium income reached 264.8 billion yuan ($39 billion). The stock gained 0.14 yuan, or 0.7 percent, to 21.59 yuan.
City Telecom (H.K.) Ltd. (1137 HK): The second-largest provider of fixed-line phone services to Hong Kong homes said its full year profit more than quadrupled to HK$125.2 million ($16.15 million) on higher sales. The company also said it cut its final dividend by half to 2 Hong Kong cents. The stock decreased 9 cents, or 9.2 percent, to 89 Hong Kong cents.
Digital Telecommunications Philippines Inc. (DGTL PM): The fifth-largest Philippine mobile phone operator said it turned a 683 million peso ($13.73 million) loss in the third-quarter, compared with a 68.53 million peso profit a year ago due to foreign exchange losses and higher financing costs. Digital fell 2 centavos, or 2 percent, to 98 centavos.
Digitech Systems Co. Ltd. (091690 KS). The Korean manufacturer of touch-screen displays said its profit for the three months ended Sept. 30 grew 2.8 percent to 3.38 billion won. The stock gained 150 won, or 1.5 percent, to 10,350 won.
Geodynamics Ltd. (GDY AU): The Australian company seeking to produce electricity from hot underground rocks, intends to start operating the nation's first geothermal power plant by the end of March. The stock fell 1 cent, or 1.1 percent, to 87 Australian cents.
Hyundae Metal Co. (018410 KS): The South Korean manufacturer of security locks for doors and windows said its loss of the quarter ended Sept. 30 more than doubled to 854.37 million won from a year earlier. The stock fell 20 won, or 4.4 percent, to 430 won.
Juken Technology Ltd. (JUKEN SP): The Singapore-based plastics manufacturer said it agreed to buy 60 percent of Micro- Air (Tianjin) Technology Ltd. The stock rose 2.5 cents, or 26 percent, to 12 Singapore cents on Nov. 14.
Li & Fung Ltd. (494 HK): The supplier of toys and clothing to Wal-Mart Stores Inc. and other retailers says it will not fire 1,000 workers, denying a report by Hong Kong's Apple Daily. The company said it aims to cut expenses by 10 percent. The stock gained 22 cents, or 1.5 percent, to HK$14.46.
Mt. Gibson Iron Ltd. (MGX AU): Iron-ore contract prices, at a record on six years of gains, may drop by half next year as demand from China slumps, Australia & New Zealand Banking Group Ltd. said. ``China is iron ore's key market and conditions have deteriorated quickly,'' Mark Pervan, a senior commodity strategist at ANZ in Melbourne, said in an e-mailed report.
Mt. Gibson, an iron ore producer, plunged 1.5 cents, or 4.8 percent, to 29.5 cents.
Petron Corp. (PCOR PM): The nation's largest oil refiner said it may post losses in the fourth quarter on ``continued volatility in oil prices.'' The stock fell 10 centavos, or 2.1 percent, to 4.70 pesos.
Pilipino Telephone Corp. (PLTL PM): The No. 3 Philippine mobile phone services provider said it bought back 39,000 shares at 7.10 pesos each. Piltel, as the company is called, fell 10 centavos, or 1.4 percent, to 7.10 pesos.
Singapore Airlines Ltd. (SIA SP): The world's largest carrier by market value said it flew 1.6 million passengers in October, up 1.3 percent from a year ago and 6 percent more than in the previous month. The stock, also known as SingAir, climbed 14 cents, or 1.3 percent, to S$11.28.
Singapore Technologies Engineering Ltd. (STE SP): Asia's biggest aircraft maintenance company said its electronics unit will liquidate its Australian subsidiary, Ripple Systems Ltd., as part of streamlining its assets. The stock declined 5 cents, or 2.2 percent, to S$2.20.
SKC Co. (011790 KS): The South Korean maker of films and chemical products said it had a 8.65 billion won loss in the quarter ended Sept. 30, compared with a 12.66 billion won profit a year earlier. The stock fell 150 won, or 1 percent, to 14,900 won.
Tan Chong Motor Holdings Bhd. (TCM MK): The Malaysian assembler of Nissan vehicles said profit almost tripled to 95.4 million ringgit ($26.5 million) from a year earlier, boosted by new models and greater cost efficiency at its assembly plant. Sales jumped 69 percent to 1 billion ringgit, it said in a statement. Tan Chong rose 1 sen, or 0.9 percent, to 1.15 ringgit.
Wan Hai Lines (2615 TT): Standard & Poor's said it placed its credit ratings on Wan Hai Lines on review with ``negative implications'' after the company released ``weak'' third-quarter results. Wan Hai, Taiwan's third-largest shipping company, rose 10 cents, or 0.7 percent, to NT$14.35.
-With reporting by Berni Moestafa in Jakarta, Chan Tien Hin in Kuala Lumpur and Shani Raja in Sydney. Editor: Sam Waite
To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net
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