Asia Ex-Japan Stocks Preview: Angang, Ayala, Hyundai, LG, Vista

The following companies may have unusual price changes in Asian markets, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close.

Advanced Info Service Pcl (ADVANC) (Advanc TB): Thailand's biggest mobile-phone carrier said profit rose 82 percent in the second quarter as the company added customers and expanded telecommunications services. Advanced gained 3.5 baht, or 3.9 percent, to 94.

Angang Steel Co. (347) : China's second-biggest steelmaker said raw-material costs may rise faster than steel prices in the second half, squeezing its profit margins. The stock dropped 32 cents, or 3 percent, to HK$10.30.

Ayala Land Inc. (ALI) : The biggest Philippine developer said Aberdeen Asset Management Asia Ltd. bought 65.77 million more shares than it sold in the company in July, boosting its stake in the builder to 12.51 percent. The stock fell 25 centavos, or 2.3 percent, to 10.50 pesos.

Bumiputra-Commerce Holdings Bhd. (BCHB MK): Malaysia's second-biggest bank agreed to sell 1.1 billion ringgit ($331 million) of bad loans to a unit of Standard Bank Group Ltd., Africa's largest lender. Bumiputra-Commerce will book a gain of 106 million ringgit from the sale, it said in a statement today. The shares fell 2.8 percent to 8.55 ringgit.

China Life Insurance Co. (2628) : The nation's biggest insurer said premium income totaled 203 billion yuan ($29.6 billion) in the first seven months of this year, without providing a year-earlier comparison. China Life declined 75 cents, or 2.7 percent, to HK$27.25.

ComfortDelGro Corp. (CD) : The operator of the world's second-largest bus and taxi fleet reported its third consecutive decline in profit after it paid more to buy fuel in Singapore. Revenue rose 5.8 percent to S$790.1 million. The shares rose 0.6 percent to S$1.57.

Genting International Plc (GIL SP): The owner of the biggest U.K. casino operator posted a second-quarter loss because of poor performance at its U.K. casinos and one-off redundancy costs. Sales fell to S$126.3 million from S$192.6 million. Genting fell 2.9 percent to 51 Singapore cents.

Hyundai Hysco (010520) : The South Korean steelmaker said second-quarter profit more than quadrupled to 29.92 billion won ($29 million) after sales increased 31 percent. The stock gained 50 won, or 0.4 percent, to 11,550 won.

Hyundai Motor Co. (005380) : Workers at South Korea's biggest automaker said they plan to hold partial strikes next week, seeking higher pay. The employees will strike for two to six hours from Aug. 19 to Aug. 22, the workers' union said in a statement. Hyundai fell 300 won, or 0.4 percent, to 73,000 won.

Korea Electric Power Corp. (015760) : The supplier of almost all of South Korea's power posted its biggest quarterly loss since 2003 as fuel costs mounted while the government capped electricity tariffs to fight inflation. The shares fell 500 won, or 1.5 percent, to 32,300.

LG Display Co. (034220 KS): The world's second-largest maker of liquid-crystal display said it's in talks with Taiwan's Amtran Technology Co. (2489) to form a venture. LG Display fell 450 won, or 1.5 percent, to 30,000 won. Amtran, which makes TVs for the third largest LCD-TV vendor in the U.S. during the first quarter, increased 75 cents, or 3.2 percent, to NT$ 24.1.

LG International Corp. (001120) : The South Korean trading company said it dropped an offer to develop coal deposits in eastern Russia's Sakha Republic. The stock gained 150 won, or 0.7 percent, to 23,000 won.

Li & Fung Ltd. (494) : The supplier of clothes, toys and home furniture to Wal-Mart Stores Inc. said first-half profit rose 18 percent to HK$1.24 billion ($159 million) on higher export orders and acquisitions. The stock retreated 80 cents, or 3 percent, to HK$26.20.

MISC Bhd. (MISC) : The world's biggest owner of liquefied natural gas tankers won a contract valued at between $320 million and $360 million to lease oil production facilities for a site offshore Malaysia. MISC was unchanged at 8.90 ringgit.

Scomi Group Bhd. (SEB) : The Malaysian oil and gas services company said second-quarter profit slumped after a year-earlier gain from an asset sale wasn't repeated. Net income fell to 34.5 million ringgit ($10.4 million) from 171 million ringgit a year earlier, it said. Scomi was unchanged at 67 sen.

Sun Pharmaceutical Industries Ltd. (SUNP) : India's biggest drugmaker by market value won approval from U.S. antitrust authorities to purchase the remaining shares of Taro Pharmaceutical Industries Ltd., the Wall Street Journal reported. Sun rose 2.2 rupees, or 0.2 percent, to 1,437.25.

Tencent Holdings Ltd. (700) : China's biggest online chat-service provider reported second-quarter profit that almost doubled after the Beijing Olympics lured Nike Inc. and other clients to buy more online advertising. Net income rose to 644 million yuan ($94 million), the company said yesterday. The stock added HK$1, or 1.5 percent, to HK$66.

Vista Land & Lifescapes Inc. (VLL) : The fourth-largest Philippine developer by value said it will borrow 2 billion pesos in the second-half, helping finance the completion of 19 projects, worth 26 billion pesos, during the period. The stock was unchanged at 2.44 pesos.

To contact the reporter on this story: Ian C. Sayson in Manila at

To contact the editor responsible for this story: Darren Boey in Hong Kong at

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