By Anuchit Nguyen
Oct. 31 (Bloomberg) -- The following companies may have unusual price changes in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
Acer Inc. (2353 TT): The world’s second-largest computer supplier said its notebook shipments will increase next year boosted by Microsoft Corp.’s latest operating system as industry price declines slow. The stock advanced 2.2 percent to NT$78.
China Merchants Bank Co. (600036 CH): The country’s fifth- biggest bank by market posted a fourth straight decline in quarterly profit as shrinking loan margins outweighed lending growth and lower provision charges. Third-quarter net income fell to 4.82 billion yuan ($706 million) from 5.75 billion yuan a year earlier, the company said in a statement. The shares rose 4.2 percent to 17.77 yuan.
China Airlines Ltd. (2610 TT): Taiwan’s largest air carrier said its nine-month loss narrowed to NT$4.99 billion ($154 million), or NT$1.49 a share, from NT$12.4 billion, or NT$3.95 a year earlier. The stock lost 1 percent to NT$10.25.
Chunghwa Picture Tubes Ltd. (2475 TT): The flat-panel maker posted a NT$4.8 billion net loss in the third quarter. The loss narrowed from a NT$6.1 billion loss a year earlier, according to Bloomberg data. The stock was unchanged at NT$3.41.
EVA Airways Corp. (2618 TT): Taiwan’s second-largest air carrier said its nine-month loss narrowed to NT$3.9 billion ($120 million), or NT$1.67 a share, from a loss of NT$10.5 billion, or NT$4.65 a year earlier. Eva Airways was unchanged at NT$12.4.
Quanta Computer Inc. (2382 TT): The world’s second-largest maker of notebook computers by shipments posted third-quarter profit that beat analysts’ estimates after the company sold more of the computers than it had forecast. Net income fell to NT$6.11 billion from NT$7.21 billion a year earlier, the Taoyuan, Taiwan-based company said in a statement. Analysts on average estimated profit of NT$5.1 billion. The stock gained 1.1 percent to NT$62.50.
Samsung Electronics Co. (005930 KS): Asia’s biggest maker of chips, flat screens and mobile phones said profit tripled to a quarterly record as the global economic recovery spurred a rebound in prices. Third-quarter net income jumped to 3.72 trillion won ($3.1 billion) from 1.22 trillion won a year earlier, the Suwon, South Korea-based company said in a statement. Sales, including those of overseas affiliates, increased 19 percent. Samsung gained 0.7 percent to 723,000.
Tangshan Iron & Steel Co. (000709 CH): The unit of China’s second-biggest steelmaker said third-quarter profit fell 60 percent as prices and demand dropped in the global recession. Net income declined to 226 million yuan ($33 million), or 0.06 yuan a share, in the three months ended Sept. 30, from 558 million yuan, or 0.14 yuan a share, a year earlier, the Hebei- province based company said today in a statement to the Shenzhen stock exchange. Tangshan added 0.5 percent to 6.31 yuan.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net.
Last Updated: October 30, 2009 17:15 EDT
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