By Ian C. Sayson
Feb. 9 (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.
Advanced Semiconductor Manufacturing Corp. (3355 HK): The Chinese chipmaker said it’s reviewing the carrying value of its 8-inch fabrication facility and the new assessment will likely adversely affect its earnings for 2008. The stock fell 0.1 cent, or 1.1 percent, to 8.9 Hong Kong cents.
Amcor Ltd. (AMC AU): Australia’s biggest packaging company said it is in talks to acquire part of Rio Tinto Group’s (RIO AU) Alcan aluminum packaging unit as the mining company seeks to sell assets to pay down debt. Amcor fell 33 cents, or 6.6 percent, to A$4.69. Rio, which is struggling under $38.9 billion of debt after acquiring Alcan Inc. in 2007, dropped 65 cents, or 1.4 percent, to A$46.75.
BOC Hong Kong (Holdings) Ltd. (2388 HK): The biggest bank by assets in the city said Chief Financial Officer Raymond Lee will retire on June 1 and a replacement is being sought. BOC, which incurred investment losses that last year forced a $2.5 billion capital injection from its parent, gained 11 cents, or 1.4 percent, to HK$8.16.
Chen Hsong Holdings Ltd. (57 HK): The Chinese maker of plastic-injection molding machines said orders have fallen off because of the global economic crisis and that it has cut its workforce by 25 percent since the end of March to 2,700. The stock advanced 2 cents, or 1.4 percent, to HK$1.44.
China Airlines (2610 TT): The airline expects to break even in 2009 after losses in the previous two years, the Apple Daily reported, citing President Sun Huang-hsiang. China Airlines, Taiwan’s largest carrier, rose 8 cents, or 1.2 percent, to NT$6.63.
Coca-Cola Amatil Ltd. (CCL AU): Australia’s biggest soft- drink maker said Lion Nathan Ltd.’s (LNN AU) A$7.3 billion ($4.8 billion) takeover proposal has been rejected by the company’s biggest shareholder. Coca-Cola Amatil fell 14 cents, or 1.5 percent, to A$9.35. Lion Nathan gained 10 cents, or 1.2 percent, to A$8.18.
DMCI Holdings Inc. (DMC PM): The largest Philippine construction company said its venture, Maynilad Water Services Inc., which serves the west half of the nation’s capital, will raise its rates this month by an average of 2.81 pesos a cubic meter to cover for inflation. The stock rose 10 centavos, or 3.6 percent, to 2.90 pesos. Metro Pacific Investments Corp. (MPI PM), DMCI’s partner in the utility, added 5 centavos, or 1.9 percent, to 2.65 pesos.
HSBC Holdings Plc (5 HK): The bank plans to cut a further 1,000 jobs in Hong Kong this week as the company seeks to lower costs amid the global recession, Oriental Daily News reported, citing employees it didn’t identify. The job cuts, which follow the elimination of 550 positions in the city last year, will focus on HSBC’s mortgage and loan operations, the newspaper said. HSBC jumped HK$2.80, or 4.7 percent, to HK$62.10.
HTC Corp. (2498 TT): The world’s biggest maker of Microsoft Corp. Windows-based handsets said it expects sales this quarter to be around NT$33 billion ($981 million) and operating profit margins at around 15 percent. Sales will probably rise between 10 percent and 20 percent this year, its chief financial officer said. The stock gained NT$15, or 4.8 percent, to NT$330.
Industrial & Commercial Bank of China Ltd. (1398 HK): The company and Bank of China Ltd. (3988 HK) may take a stake in Taiwan’s Mega Financial Holding Co. (2886 TT), the South China Morning Post reported today, citing Lin Jui-yun, a spokeswoman at the Taiwanese lender. Industrial & Commercial Bank, China’s largest lender, rallied 16 cents, or 4.6 percent, to HK$3.65. Bank of China, the third-biggest, climbed 4 cents, or 1.9 percent, to HK$2.18. Mega Financial, Taiwan’s No. 3 publicly traded financial services company, jumped 56 cents, or 5.7 percent, to NT$10.35.
International Container Terminal Services Inc. (ICT PM): The largest Philippine port operator said in a statement to the stock exchange that it bought 3.89 million shares in the open market at 12 pesos each on Feb. 6. ICTSI, as the company is also called, gained 25 centavos, or 2.1 percent, to 12 pesos.
Kinergy Ltd. (KNRGY SP): The Singapore-based electronics manufacturer said it will report a loss for 2008 on a significant drop in demand for orders caused by an economic downturn. The stock fell 1 cent, or 7.7 percent, to 12 Singapore cents on Feb. 3.
Korea Gas Corp. (036460 KS): The company is seeking to raise wholesale gas prices to local customers by 4.1 percent this year to reflect higher import costs, Yonhap News reported, citing company data. Korea Gas climbed 600 won, or 1.2 percent, to 50,600 won.
MISC Bhd. (MISC MK): The Malaysian owner of the world’s largest fleet of liquefied natural gas tankers is in talks with Petroleos de Venezuela SA to form an LNG shipping company, the Edge newspaper reported, without saying how it obtained the information. MISC added 20 sen, or 2.4 percent, to 8.55 ringgit.
Nan Ya Plastics Corp. (1303 TT): The world’s largest processor of plastics for pipes and imitation leather said January sales fell 61 percent to NT$8.49 billion. The stock gained 70 cents, or 2.1 percent, to NT$34.
Philex Mining Corp. (PX PM): The nation’s largest metals producer said it completed the $55 million purchase of Anglo American Plc’s 50 percent stake in Boyongan, paving way for the development of the copper-gold project in Southern Philippines. The stock rose 5 centavos, or 1.1 percent, to 4.60 pesos.
Piramal Healthcare Ltd. (PIHC IN): The Mumbai-based maker of generic drugs said speculation that the company is up for sale is “totally unfounded.” The company made the statement after a person familiar with the situation told Bloomberg News that GlaxoSmithKline Plc, the world’s No. 2 drugmaker, is interested in buying Piramal. Mary Anne Rhyne, a Glaxo spokeswoman in the U.S., declined to comment. Piramal dropped 10.1 rupees, or 5 percent, to 193.1.
Platinum Australia Ltd. (PLA AU): The producer of the metal will achieve full output at the Smokey Hills mine in South Africa, a project costing $45 million, by the end of March, Managing Director John Lewis said. Platinum Australia, which holds 70 percent of the mine, climbed 1 Australian cent, or 1.8 percent, to 56 cents.
Posco (005490 KS): Asia’s biggest stainless steel maker said it cut prices of the product by 14 percent this month to help spur demand. The company also said that it has no plans to build a $1 billion processing plant in India, denying a report by the Hindu Business Line. The stock rose 19,000 won, or 5 percent, to 400,000 won.
Singapore Airlines Ltd. (SIA SP): The carrier’s cargo unit has grounded one aircraft and parked it in a desert in the U.S. as the airfreight market slows, the Straits Times reported. The unit may ground more aircraft if business continues to fall, the newspaper said, citing Singapore Air spokesman Stephen Forshaw. Singapore Airlines retreated 32 cents, or 2.9 percent, to S$10.74.
SK Energy Co. (096770 KS): South Korea’s biggest refiner may have its credit rating downgraded on continued weakness in the oil-processing industry, Moody’s Investors Service said. About $750 million of debt securities are affected, it said. The stock gained 2,600 won, or 3.2 percent, to 84,900 won.
Sphere Investments Ltd. (SPH AU): The developer of an iron ore mine in Mauritania is looking for a “strategic partner” to take a 51 percent stake in the project, Managing Director Alexander Burns said. Sphere Investments rallied 2.5 Australian cents, or 9.6 percent, to 28.5 cents.
STX Shipbuilding Co. (067250 KS): The owner of Europe’s largest shipyard said it got a revised order for five vessels, instead of four, boosting the value of the contract by 48 percent to 591 billion won. The stock rose 650 won, or 4.5 percent, to 15,000 won.
Suncorp-Metway Ltd. (SUN AU): Australia’s third-largest general insurer said it raised A$855 million ($563 million) from the sale of 190 million new shares at A$4.50 apiece to institutions to bolster capital. The stock fell 25.3 cents, or 3.7 percent, to A$6.692 on Feb. 4.
Winbond Electronics Corp. (2344 TT): Taiwan’s fifth-largest maker of memory chips said it may give up its last factory and abandon manufacturing semiconductors. Winbond would remain a designer of memory chips, Vice Chairman CC Chang said. The stock rose 20 cents, or 6.5 percent, to NT$3.3.
Wing Tai Holdings Ltd. (WINGT SP): The Singapore real estate developer said its second-quarter profit fell 52 percent to S$20.9 million ($13.9 million). The stock rose 3 cents, or 4.4 percent, to 71 Singapore cents.
For Related News and Information: On Asian stocks: TNI STK ASIA
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