By Berni Moestafa
April 16 (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.
AU Optronics Corp. (2409 TT): Taiwan’s largest maker of liquid-crystal displays said it paid NT$384 million ($11 million) for a stake in Lighthouse Technology Inc. The stock was bought through a private placement, and AU owns 35 percent of the maker of light-emitting diodes after the transaction, the Hsinchu-based company said. AU Optronics fell 3.3 percent to NT$31.8.
Cahya Mata Sarawak Bhd. (CMS MK): The Malaysian builder said its CMS Land Sdn. unit won a 232 million ringgit ($64 million) contract to build the headquarters of Sarawak Energy Bhd. Cahya Mata was unchanged at 1.33 ringgit.
Chemrez Technologies Inc. (COAT PM): The Philippines’ biggest maker of biodiesel from coconut oil said its profit fell 23 percent to 372 million pesos ($7.78 million) last year as increased competition cut selling prices. The stock was unchanged at 1.70 pesos.
Orient Overseas (International) Ltd. (316 HK): The company said its first-quarter sales fell 31 percent from a year earlier after trade declined because of the global recession. Revenue decreased to $954 million, it said. Orient Overseas, Hong Kong’s largest container liner, was unchanged at HK$26.
PetroVietnam Transportation Corp. (PVT VN): The nation’s biggest shipper of petroleum and petrochemical products by market value expects net income this year to be similar to last year’s 84 billion dong ($4.7 million), according to Chief Executive Officer Pham Viet Anh. Net income this year will be 82.5 billion dong, Anh said at the company’s shareholder meeting in Ho Chi Minh City. PetroVietnam Transportation fell 4.5 percent to 16,900 dong.
PICC Property & Casualty Co. (2328 HK): China’s largest non-life insurer posted its first profit drop since 2005, after a plunge in the nation’s stock market hurt returns and natural disasters pushed up claims. Net income fell 98 percent to 50 million yuan ($7.3 million), from 2.99 billion yuan a year earlier, the Beijing-based company said. PICC rose 4.4 percent to HK$5.24.
San Miguel Corp. (SMC PM): Chief Financial Officer Ferdinand Constantino and four other executives bought 90,000 shares last month in the largest Philippine food and drinks company, a filing to the stock exchange showed. Two other executives sold 50,000 shares, according to the same filing. San Miguel Class A shares, which are reserved for Filipinos, were unchanged at 53 pesos. Its Class B shares (SMCB PM), which have no ownership restrictions, fell 1.9 percent to 52.50 pesos.
Singapore Exchange Ltd. (SGX SP): The operator of the city- state’s securities and derivatives markets said third-quarter profit fell 46 percent as revenue declined on weak trading volumes. Net income dropped to S$55.3 million ($37 million) in the three months ended March 31, it said. Singapore Exchange added 0.5 percent to S$6.21.
Tenaga Nasional Bhd. (TNB MK): Malaysia’s state-controlled electricity provider said fiscal second-quarter profit dropped 36 percent to 674.6 million ringgit ($187 million) as fuel costs increased and power demand shrank in the economic slowdown. Tenaga fell 1.5 percent to 6.50 ringgit.
PT United Tractors (UNTR IJ): The Indonesian company’s mining contracting unit, PT Pamapersada Nusantara, said 2009 profit will be similar to last year, even as it forecasts revenue will climb 20 percent as it mines more coal for its customers. The company projects revenue of 18 trillion rupiah ($1.65 billion), compared with 15 trillion rupiah in 2008. Rising costs will keep net profit near last year’s level of 1.4 trillion rupiah, Dwi Priyadi, Pama’s vice president said. United Tractors added 0.7 percent to 7,600 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net
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