By Berni Moestafa
March 26 (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.
Alliance Global Group Inc. (AGI PM): The owner of almost half of McDonald’s Corp.’s Philippine franchise said it bought back 400,000 shares in the open market at 1.32 pesos each. The stock was unchanged at 1.34 pesos.
Arafura Resources Ltd. (ARU AU): The company building a rare-earth plant in Australia may seek to acquire copper projects after securing an investment from a Chinese government- backed company this month. Arafura and the mining investment arm of the Jiangsu provincial government are seeking approval from Australia’s Foreign Investment Review Board for the deal, Alistair Stephens, Arafura’s managing director, said. Arafura fell 6.2 percent to 30.5 Australian cents.
BHP Billiton Ltd. (BHP AU): BHP Billiton Finance Ltd., the finance arm of the world’s largest mining company, sold 2.25 billion euros ($3 billion) of bonds due in three and seven years. BHP lost 1.6 percent to A$33.26.
China Steel Corp. (2002 TT): Taiwan’s largest maker of the metal swung to a loss in the fourth quarter as the global recession sapped demand for its products. The mill posted a net loss of NT$15.5 billion ($457 million), in the three months ended Dec. 31, after a profit of NT$12.9 billion a year earlier, according to calculations by Bloomberg based on the company’s full-year results announced yesterday. China Steel added 1.1 percent to NT$24.1.
Hynix Semiconductor Inc. (000660 KS): The world’s second- largest computer-memory maker said it has delayed plans to build a new plant because of the global recession and a downturn in the chip industry. The company said it had previously planned to build a plant in Ichon, South Korea. Hynix dropped 1.9 percent to 10,200 won.
Jaya Tiasa Holdings Bhd. (JT MK): The Malaysian timber producer said profit in the fiscal third quarter ended Jan. 31 dropped 98 percent to 152,000 ringgit ($41,838) from a year earlier because of lower selling prices and volume. Jaya lost 0.6 percent to 1.70 ringgit.
PetroChina Co. (857 HK): The world’s second-largest company by market value posted the first drop in full-year profit since 2001 after crude oil prices slumped and refining losses widened. Net income fell 22 percent to 114 billion yuan ($16.7 billion), the Beijing-based company said. PetroChina fell 0.3 percent to HK$6.47.
Powerchip Semiconductor Corp. (5346 TT): Taiwan’s biggest computer-memory chipmaker said it expects the glut of computer- memory chips to ease this year and that there will be a shortage of the semiconductors by the third quarter. Powerchip rose 6.8 percent to NT$3.76.
Rio Tinto Group (RIO AU): The world’s third-largest mining company said it reopened the final rail line connecting its Western Australian mines to ports after a shutdown caused by heavy rains in February. Rio rose 1.1 percent to A$53.93.
To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net
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