By Berni Moestafa
April 17 (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.
Asustek Computer Inc. (2357 TT): The Taipei-based company will introduce a range of laptop computers that use Intel Corp.’s ultra low voltage processors before the end of June, said Nick Wu, an investor relations officer. Asustek advanced 4.7 percent to NT$45.
Green Invest Ltd. (GNV AU): The Australian energy derivatives broker and consultant traded the first carbon- emissions put option for the 2012 financial year ahead of the start of the nation’s planned pollution trading system. Green Invest surged 60 percent to 24 Australian cents when it last traded on April 1.
Hyundai Engineering & Construction Co. (000720 KS): South Korea’s fourth-largest builder said it may win an S$890.4 million ($594 million) order to build an underground oil-storage facility in Singapore. JTC Corp., Singapore’s largest industrial developer, placed the order, Hyundai Engineering said. Hyundai Engineering added 0.5 percent to 60,000 won.
Ingress Corp. (INGC MK): The Malaysian auto-parts supplier said the trustee for holders of a 160 million-ringgit ($44 million) Islamic bond gave the company one month to remedy a breach in the bond terms after it failed to maintain a credit balance of 25 million ringgit in the service reserve account. Ingress said in a statement it is working with its financial adviser to formulate a financial restructuring. Ingress dropped 7.5 percent to 18.5 sen.
LG Display Co. (034220 KS): The world’s second-largest maker of liquid-crystal displays reported a smaller loss than analysts estimated and forecast a rebound in prices as demand was stronger than the company anticipated. LG Display fell 0.3 percent to 31,150 won.
MobileOne Ltd. (M1 SP): Singapore’s smallest wireless-phone company said first-quarter profit rose 10 percent because of a lower tax rate. Net income climbed to S$41.9 million ($28 million) from S$38 million, it said. MobileOne was unchanged at S$1.47.
Nanya Technology Corp. (2408 TT): Taiwan’s second-biggest maker of computer-memory chips plans to raise prices for the second time this month as industrywide production cuts helped ease a glut of the semiconductors. Nanya advanced 6.9 percent to NT$8.94.
PBA Holdings Bhd. (PBAH MK): The Malaysian water treatment operator said it plans to buy back as much as 10 percent of its own shares. PBA rose 3.7 percent to 99.5 sen.
Philex Mining Corp. (PX PM): Profit at the largest Philippine miner by market value may fall to as little as 1.5 billion pesos ($31.46 million) this year, from 2.8 billion pesos in 2008, on lower metal prices, Chief Financial Officer Renato Migrino said. The stock was unchanged at 5.8 pesos.
Shui On Land Ltd. (272 HK): The Shanghai-based developer controlled by Hong Kong billionaire Vincent Lo said 2008 profit was little changed as the company booked gains from the sale of stakes in units even as home sales dropped. Net income was 2.48 billion yuan ($363 million), compared with 2.46 billion yuan in 2007. Shui on Land fell 5.4 percent to HK$3.32.
Universal Robina Corp. (URC PM): The largest Philippine snackfood maker cut its dividend and said it will halt a share buyback program after forecasting slower sales growth. The company expects its international operations to turn in a profit in 2009, after losses last year, President Lance Gokongwei said. Universal Robina rose 1.6 percent to 6.30 pesos.
Woodside Petroleum Ltd. (WPL AU): Australia’s second- biggest oil and gas producer picked a site on the far northwest coast for its Browse LNG project and said it would “strongly” urge its partners to agree to the location. Woodside fell 0.2 percent to A$38.80.
To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net
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