By Ian C. Sayson
March 31 (Bloomberg) -- The following companies may have unusual price changes in Asia trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
Coal Stocks: Exports from Australia’s Newcastle, the world’s biggest harbor for shipping the fuel, fell 22 percent last week while the number of ships waiting outside the port dropped, Newcastle Port Corp. said. Macarthur Coal Ltd. (MCC AU), the world’s biggest exporter of pulverized coal used in steelmaking, decreased 8.4 percent to A$3.62. Coal of Africa Ltd. (CZA AU), an explorer for the fuel in South Africa, fell 4 percent to 96 Australian cents.
Alliance Global Group Inc. (AGI PM): The owner of almost half of McDonald’s Corp.’s Philippine franchise said it bought back three million shares in the open market yesterday at a price of 1.63 pesos. The stock rose 5.1 percent to 1.64 pesos.
Asustek Computer Inc. (2357 TT): The world’s largest supplier of boards that connect computer components said it has increased its investments in its optical display subsidiary, Lumens Digital Optics Inc., to NT$457 million ($13 million). The stock fell 4 percent to NT$35.9.
Beijing Enterprises Holdings Ltd. (392 HK): The city government-controlled owner of a brewery, toll roads and utilities said it will expand its brewery and utility capacities after net income last year rose 63 percent to HK$2.28 billion ($294.2 million). Beijing Enterprises dropped 5.2 percent to HK$29.85.
Berjaya Corp. (BC MK): The Malaysian betting, insurance and property group said profit in the fiscal third quarter dropped 85 percent to 17.9 million ringgit ($4.9 million) because a gain from asset sales a year earlier wasn’t repeated. Revenue more than doubled to 1.73 billion ringgit, it said in a statement. Berjaya lost 0.9 percent to 52.5 sen.
Cheuk Nang (Holdings) Ltd. (131 HK): The developer controlled by Hong Kong property tycoon Cecil Chao posted a first-half loss of HK$606.5 million, compared with a HK$303 million profit a year earlier, as property values tumbled. The stock was unchanged at 90 Hong Kong cents.
China Petroleum & Chemical Corp. (600028 CH): Asia’s biggest refiner, also known as Sinopec, is targeting purchases in Africa and Latin America, Chairman Su Sulin said. The company’s fuel sales have risen this year, he said. The stock declined 1.3 percent to 8.97 yuan. Its Hong Kong-traded shares decreased 5.8 percent to HK$4.69.
Full Rise Electronic Co. (6211 TT): The Taiwanese designer and manufacturer of connectors used in phones and modems said unconsolidated sales in February fell 26 percent to NT$30.42 million ($894,443), in a statement filed to the Taiwan Stock Exchange. The stock decreased 1.9 percent to NT$10.35.
Hite Holdings Co. (000140 KS): The owner of South Korea’s biggest beermaker said it plans to buy more shares in affiliate Jinro Ltd. for 354.5 billion won ($254 million). Hite said it will purchase 6.54 million additional shares, increasing its stake in Jinro to 64.9 percent. The stock increased 15 percent to 27,850 won.
IOI Corp. (IOI MK): Malaysia’s second-biggest palm-oil producer said it spent 18.3 million ringgit ($5 million) buying back 4.7 million of its shares. IOI said in a statement it paid between 3.72 ringgit and 4.02 ringgit for the shares. IOI dropped 2 percent to 3.90 ringgit.
Johan Holdings Bhd. (JOH MK): The Malaysian ceramic tile maker said profit dropped 29 percent to 8.4 million ringgit ($2.3 million) in the fiscal fourth quarter ended Jan. 31 from a year earlier as operational expenses and finance costs rose. Johan slid 11 percent to 17 sen.
Manila Water Co. (MWC PM): The utility that serves the eastern half of the Philippine capital plans to spend 37 billion pesos ($766 million) on a five-year expansion plan, Chairman Fernando Zobel said at the company’s annual meeting. The stock decreased 4.3 percent to 11.25 pesos.
PT Bank Central Asia (BBCA IJ): Indonesia’s largest financial services company by market value reported profit last year rose 29 percent 5.8 trillion rupiah ($502 million), from 4.5 trillion rupiah in 2007, as lending increased. Bank Central lost 3.2 percent to 3,075 rupiah.
PT Bank Mandiri (BMRI IJ): Indonesia’s largest financial- services company by assets reported profit rose 22 percent last year as lending increased. Net income gained to 5.31 trillion rupiah from 4.34 trillion rupiah a year earlier, the company said. Bank Mandiri dropped 4.7 percent to 2,050 rupiah.
SM Prime Holdings Inc. (SMPH PM): The largest Philippine shopping mall operator hired four banks to arrange a $70 million loan for working capital, according to a person involved in the transaction. SM Prime decreased 1.3 percent to 7.50 pesos.
Ssangyong Corp. (001250 KS): The South Korean trading company said its biggest shareholder may consider selling its stake if the conditions are right. MoneyToday reported yesterday that the Morgan Stanley private equity unit that owns 69.53 percent of Ssangyong is seeking a buyer. The stock gained 3.5 percent to 10,200 won.
Virgin Blue Holdings Ltd. (VBA AU): Australia’s second- biggest airline reported February revenue passenger kilometers increased 2.5% over the previous year, and the number of domestic passenger fell 0.1%. The stock decreased 3.8 percent to 25.5 Australian cents.
To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net
Posts
No comments:
Post a Comment