By Berni Moestafa
May 6 (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.
Alibaba.com Ltd. (1688 HK): The operator of China’s biggest trading Web site will standardize services for domestic and overseas customers as part of efforts to increase use. Alibaba will let overseas clients subscribe to the Gold Supplier package, its premium service, the Hangzhou, China-based company said. Previously, the service was only offered to customers in China, Taiwan and Hong Kong, it said. Alibaba increased 9.1 percent to HK$10.34.
Convenience Retail Asia Ltd. (8052 HK): The operator of Circle K stores in Hong Kong and China said first-quarter profit rose 1.5 percent to HK$13.9 million ($1.8 million). Sales climbed 2.8 percent to HK$801.5 million, the company said. Convenience advanced 0.5 percent to HK$1.86.
Country Heights Holdings Bhd. (CHH MK): The Malaysian property developer said it is seeking bondholder approval to defer until Dec. 31 an interest payment of 16.2 million ringgit ($4.6 million) due today. The stock rose 2.1 percent to 71.5 sen.
Epistar Corp. (2448 TT): Taiwan’s largest maker of light- emitting diodes said it is in talks with mainland companies and municipalities about ventures to sell its products to the Chinese government. “We have some investment projects we’re discussing in mainland China,” Rider Chang, a spokesman for Hsinchu, Taiwan-based Epistar, said. “The Chinese want to convert traditional street lamps into LED streetlamps.” Epistar increased 6.9 percent to NT$74.5.
Globe Telecom Inc. (GLO PM): The second-largest Philippine mobile-phone company said first-quarter profit rose 17 percent to 4 billion pesos ($8.35 million) helped by a 398 million peso gain from an asset exchange. Globe was unchanged at 820 pesos.
KB Financial Group Inc. (105560 KS): Kookmin Bank, which is owned by KB Financial, plans to sell the Asia-Pacific region’s first covered bonds as soon as tomorrow, according to a person familiar with the transaction. The five-year notes will be priced to yield about 550 basis points more than the benchmark mid-swap rate, said the person, who declined to be identified before a public announcement. KB Financial jumped 15 percent to 45,700 won.
Noble Group Ltd. (NOBL SP): The Hong Kong-based commodity supplier said first-quarter profit fell for the first time in two and a half years as prices of grains, coal and metals dropped because of the global recession. Net income declined 46 percent to $90.2 million, the company said. Sales decreased 36 percent to $6.08 billion, it said. Noble advanced 1.4 percent to S$1.46.
Powerchip Semiconductor Corp. (5346 TT): The Taiwanese computer-memory chipmaker that has posted losses for eight straight quarters expects to turn a profit in the last three months of the year on rising chip prices. “I strongly believe we will turn a profit in the fourth quarter.” Chairman Frank Huang, 59, said. Powerchip decreased 7 percent to NT$5.32
Singapore Technologies Engineering Ltd. (STE SP): Asia’s biggest aircraft-maintenance company said first-quarter net income declined 30 percent to S$85.2 million ($58 million) from S$122.5 million a year earlier. ST Engineering climbed 2.3 percent to S$2.63.
SM Prime Holdings Inc. (SMPH PM): The largest Philippine shopping mall operator said first-quarter profit rose 7 percent to 1.7 billion pesos ($35 million) driven in part by the opening of new malls. Sales added 18 percent to 4.7 billion pesos. SM Prime gained 3.5 percent to 8.80 pesos. SM Investments Corp. (SM PM), which owns SM Prime, advanced 1.8 percent to 252.50 pesos.
WCT Bhd. (WCT MK): The Employees Provident Fund, Malaysia’s biggest pension fund, bought 1.46 million shares in the country’s fourth-largest builder, lifting its stake to 24.6 percent, a stock exchange filing showed. WCT gained 6.9 percent to 1.70 ringgit.
-With assistance from Ian Sayson in Manila and Chan Tien Hin in Kuala Lumpur. Editor: Stephen Kleege
To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net
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