By Berni Moestafa
Jan. 13 (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 automakers: China vehicles sales may rise about 5 percent this year, the slowest pace since 1998, as a slowing economy damps demand, the China Association of Automobile Manufacturers said yesterday. Sales of cars, trucks and busses rose 6.7 percent last year to 9.38 million, it said. A year earlier, sales jumped 22 percent.
SAIC Motor Co. (600104 CH), China’s largest carmaker, rose 0.08 yuan, or 1.4 percent, to 5.91. Dongfeng Automobile Co. (600006 CH), which makes light trucks in China with Nissan Motor Co., added 0.05 yuan, or 1.6 percent, to 3.09.
Arrow Energy Ltd. (AOE AU): The Brisbane-based company said it has begun exploration drilling in northern Vietnam, aiming to become the first company to produce natural gas in the Southeast Asian country from deposits found in coal seams. Arrow Energy fell 10 cents, or 4.2 percent, to A$2.30.
Atlas Consolidated Mining & Development Corp. (AT PM): The nation’s second-largest metals producer by market value said its Carmen mine will be paid $7,612.50 a metric ton for the first 30,000 tons of copper concentrates it shipped to China. The second delivery of 30,000 tons will be priced at market at the time of sale, it said. The stock was unchanged at 3.85 pesos.
China Southern Airlines Co. (1055 HK): Asia’s biggest carrier by passenger numbers named Si Xian Min as its new chairman. Si was previously the carrier’s general manager, it said. China Southern fell 9 cents, or 6.7 percent, to HK$1.25.
Eugene Corp. (001200 KS): The South Korean maker of construction materials said it scrapped talks to sell its brokerage unit to a private equity fund. The talks with Renaissance PEF ended over differences on price and other terms, the Bucheon, the company said. Eugene lost 35 won, or 3.2 percent, to 1,070.
Fubon Financial Holding Co. (2881 TT): Taiwan’s second- largest financial services company by market expects net income this year may be worse than 2008, President Victor Kung said in Taipei. Fubon Financial dropped 85 cents, or 4 percent, to NT$20.65.
Hynix Semiconductor Inc. (000660 KS): The world’s second- largest maker of computer-memory chips said the industry may recover in the second half as production cutbacks by manufacturers help ease a glut. The stock fell 420 won, or 5.7 percent, to 6,920 won.
LCL Corp. (LCL MK): The interior-design company said it hasn’t backed out on any existing projects in Dubai, after the Edge Financial Daily cited an OSK Research Sdn. report which said LCL withdrew from a project because a letter of acceptance had been delayed. LCL fell 0.5 sen, or 0.7 percent, to 71.5 sen.
Macquarie Group Ltd. (MQG AU): Australia’s largest investment bank hired Barclays Capital, JPMorgan Chase & Co. and Merrill Lynch & Co. to manage an Australian government- guaranteed bond sale, two people involved in the matter said. Macquarie fell 66 cents, or 2.1 percent, to A$30.72.
Posco (005490 KS): Asia’s third-biggest steelmaker said it may need to maintain its current output cut through the first quarter, and will supply its products to Toyota Motor Corp. Posco Chief Executive Officer Lee Ku Taek forecast the world’s steel demand will hit a bottom in the first half of this year. Posco fell 12,000 won, or 3 percent, to 383,000.
SapuraCrest Petroleum Bhd. (SCRES MK): The oil and gas services provider said it extended by a month a deadline to complete terms of a shareholders agreement related to a joint- venture with AP Prakash Shipping Co. to build and finance a vessel. The stock dropped 1.5 sen, or 1.7 percent, to 86.5 sen.
-With reporting by Ian C. Sayson in Manila, Zhang Shidong in Shanghai and Chan Tien Hin in Kuala Lumpur. Editor: Stephen Kleege.
To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net
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