AU, Cathay, Keppel, LG Display: Asia Ex-Japan Equity Preview
Stock Chart for AU Optronics Corp (2409)
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.
AU Optronics Corp. (2409 TT): Taiwan’s second-largest maker of liquid-crystal displays said in a statement yesterday net income was NT$7.3 billion ($233 million) for the three months ended March 31, compared with a loss of NT$20.3 billion a year earlier. The company had its rating raised to “neutral” from “underweight” at JPMorgan Chase & Co. by equity analyst Liang- Chun Lin. The stock gained 1 percent to NT$36.35.
Atlas Consolidated Mining & Development Corp. (AT PM): The Philippine metals producer’s Carmen copper mine made its sixth shipment of concentrates this year worth $9.85 million, a stock- exchange filing showed. The stock gained 2.5 percent to 10.25 pesos.
Austar United Communications Ltd. (AUN AU): The Australian pay television company reported first-quarter profit after tax of A$16.29 million ($15 million) in a statement to the Australian stock exchange. Austar gained 1.3 percent to A$1.175.
Asian Terminals Inc. (ATI PM): The Philippine port operator said it will pay a record 29 centavos a share in dividend. The stock rose 3.2 percent to 4.80 pesos.
British American Tobacco (Malaysia) Bhd. (ROTH MK): Malaysia’s biggest cigarette maker said first-quarter net income fell 6.8 percent from a year earlier to 191.9 million ringgit amid declining volumes and higher finance costs. The stock added 0.9 percent to 42.78 ringgit.
Cathay Pacific Airways Ltd. (293 HK): Hong Kong’s biggest carrier will raise fuel surcharges from May 1, according to a statement on the Hong Kong government’s Web site. The air carrier will increase its fuel surcharge by 14 percent for short-haul flights and by 16 percent for long-haul flights, the statement said. Cathay rose 0.7 percent to HK$16.68.
PT Indosat (ISAT IJ): Indonesia’s second-biggest telephone company said first-quarter profit more than doubled to 285.9 billion rupiah ($31.7 million) from 119.5 billion rupiah a year earlier as sales climbed 2.5 percent to 4.7 trillion rupiah. Indosat dropped 0.8 percent to 6,050 rupiah.
Keppel Corp. (KEP SP): The world’s largest oil-rig maker said its first-quarter net income increased 13 percent to S$322 million ($235 million), according to a statement to the Singapore stock exchange. Keppel rose 3.4 percent to S$9.97.
LG Display Co. (034220 KS): The world’s second-largest maker of liquid-crystal displays reported its fourth straight quarterly profit after prices increased on rising demand for flat-panel televisions and computer monitors. First-quarter net income was 649 billion won ($586 million), compared with a loss of 347 billion won a year earlier, Seoul-based LG Display said in a filing. LG Display added 0.5 percent to 43,950 won.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at email@example.com.
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