Cathay, Filinvest, Mediatek, Taiwan Semi: Asia Ex-Japan Equity Preview

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.

Cathay Pacific Airways Ltd. (293 HK): Cabin-crew employees of Hong Kong's biggest carrier voted against going on strike from today after management withdrew a new roster swapping system. The stock rose 0.6 percent to HK$16.46.

China Vanke Co. (000002 CH): The nation's biggest property developer plans to increase a $300 million loan being organized by Bank of China Ltd. by as much as $200 million, according to two people familiar with the matter. The stock gained 0.4 percent to 9.77 yuan.

Filinvest Land Inc. (FLI PM): The Philippine homebuilder posted an 8 percent increase in profit to 2.02 billion pesos ($44.9 million) last year, a stock-exchange filing showed. The stock increased 1.1 percent to 90 centavos.

HPI Resources Bhd. (HPI MK): The Malaysian manufacturer of corrugated board and other packaging products said profit in the third quarter ended Feb. 28 doubled to 3.1 million ringgit from a year earlier, bolstered by higher sales. HPI climbed 1.2 percent to 1.68 ringgit.

Jusung Engineering Co. (036930 KS): The South Korean-maker of solar-cell equipment was rated "buy" with a 25,000 won 6- month share price estimate in initial coverage by Solomon Investment Securities analyst Jong-min Lee. The stock fell 1.3 percent to 19,500 won.

KC Tech Co. (029460 KS): The South Korean maker of semiconductor processing equipment was rated "buy" with a 7,900 won 6-month share price estimate in initial coverage by Solomon Investment Securities analyst Jong-min Lee. The stock rose 2.4 percent to 5,880 won.

Mediatek Inc. (2454 TT): Taiwan's largest chip designer may raise salaries by between 2 percent and 3 percent, the Economic Daily News reported, without saying where it got the information. The stock decreased 1.1 percent to NT$560.

MRC Allied Industries Inc. (MRC PM): Menlo Capital Corp. will invest 725 million pesos in the Philippine developer as part of the conversion of 2.9 billion pesos of debt into equity, a stock-exchange filing showed. The stock was unchanged at 1 peso.

SK Networks Co. (001740 KS): The South Korean trading company was rated "strong buy" with a 18,000 won six-month share price estimate in initial coverage by Leading Investment analyst Ho-young Kim. The stock fell 2.1 percent to 11,800 won.

Taiwan Cooperative Bank (5854 TT): The Taipei-based lender posted net income of NT$1.85 billion ($58.3 million) for the three months ended March 31, a stock-exchange filing showed. The stock decreased 0.3 percent to NT$19.5.

Taiwan Semiconductor Manufacturing Co. (2330 TT): The world's largest contract manufacturer of chips may increase salaries by 3 percent this year, the Economic Daily News reported, without saying where it got the information. The stock increased 0.5 percent to NT$62.4.

Telekom Malaysia Bhd. (T MK): The Employees Provident Fund, Malaysia's biggest pension fund, disclosed net purchases of 4.3 million shares in Malaysia's largest fixed-line phone operator, a stock-exchange filing showed. The purchases raised its stake in Telekom to 10.8 percent, according to the filing. Telekom added 0.6 percent to 3.50 ringgit.

To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net

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