By Ian C. Sayson
April 2 (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.
Bank of the Philippine Islands (BPI PM): The nation’s third-largest bank by assets said in a stock exchange filing it’s “optimistic” profit will improve this year. BPI, as the bank is also called, was unchanged at 34 pesos.
BHP Billiton Ltd. (BHP AU): The world’s largest mining company was given 12 notices to stop operations in the past two weeks after the Western Australian state government said the world’s largest mining company needed to improve its safety record. Five workers have died in the past eight months. BHP shares advanced 0.6 percent to A$32.10.
China Oilfield Services Ltd. (2883 HK): The unit of the nation’s largest offshore oil producer posted a 39 percent increase in profit last year to 3.1 billion yuan ($454 million) on higher crude prices. That’s less than the 3.3 billion yuan median estimate in a Bloomberg survey of analysts. The stock climbed 3.1 percent to HK$6.32.
Farglory Land Development Co. (5522 TT): Taiwan’s largest property developer said it wrote off NT$704 million ($21 million) of the value of its stake in Far Glory Life Insurance Co. The stock increased 7 percent to NT$29.05.
Hana Financial Group Inc. (086790 KS): Hana Bank, South Korea’s fourth-largest lender, may double a bond sale to $1 billion after meeting investors in the U.S., Asia and Europe, according to a person with direct knowledge of the plan. Hana Financial, which owns the bank, climbed 4.1 percent to 21,650 won.
New Asia Construction & Development Corp. (2516 TT): The Taiwanese contractor said it won a NT$2.33 billion tender to construct a tunnel and bridge expressway in Taiwan’s north east. The stock rose 6.9 percent to NT$6.63.
PetroChina Co. (857 HK): The company’s biggest refinery, in northern China’s Dalian city started processing high-sulfur Sudan crude to reduce cost, its parent China National Petroleum Corp. said. PetroChina, the nation’s largest oil producer, fell 1.1 percent to HK$6.11.
Shinhan Financial Group Co. (055550 KS): Shinhan Bank, South Korea’s second-biggest, is in discussions with other lenders to set up the country’s first private “bad bank” to hold their troubled assets, Chief Executive Officer Lee Baek Soon said. Shinhan Financial, which owns the bank, rose 4.7 percent to 25,750 won.
San Miguel Corp. (SMC PM): The largest Philippine food and drinks company may delay a planned initial share sale this year in its packaging business until 2010, President Ramon Ang said. The company’s Class A shares, which are reserved for Filipinos, rose 2.9 percent to 52.50 pesos. Its Class B shares (SMCB PM), which have no ownership restrictions, climbed 2.9 percent to 53.50 pesos.
South China Resources Inc. (SOC PM): The Philippine explorer said its venture with Pitkin Petroleum Ltd. won a $7 million oil exploration contract from the Southeast Asian nation’s energy department. The stock decreased 7.1 percent to 1.30 pesos when the stock last traded on March 27. Philex Mining Corp. (PX PM), which owns shares in Pitkin, was unchanged at 5.60 pesos.
Sumatec Resources Bhd. (SMTC MK): The Malaysian engineering group and its partner EC Chemical Bio Co. won a $70.6 million contract to build a bio-ethanol plant in Thailand. Sumatec gained 9.4 percent to 17.5 sen.
To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net
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