Datang, Evergrande, Faber Group, Xingquan: 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.
Affin Holdings Bhd. (AHB MK): Bank of East Asia Ltd. bought 1 million shares in Affin, raising its stake in the Malaysian bank to 21.8 percent, a stock exchange filing showed. Bank of East Asia bought the shares between April 30 and May 3, according to the statement. Bank of East Asia said on May 3 that it bought 1.3 million shares of Affin. Shares of Affin were unchanged at 3.03 ringgit.
Datang International Power Generation Co. (601991 CH): China’s economic planning agency said it approved a project by Datang Power to convert coal to natural gas. Datang Power, a unit of China’s second-biggest electricity producer, gained 2.1 percent to 7.80 yuan.
Evergrande Real Estate Group Ltd. (3333 HK): The company’s contracted sales in the first four months more than doubled to 12.1 billion yuan ($1.77 billion) from a year earlier, Radio Television Hong Kong reported, citing the company. Evergrande, China’s second-biggest developer by sales, dropped 3.3 percent to HK$2.90.
Faber Group Bhd. (FAB MK): The Malaysian hotel support services provider and property developer said first-quarter net income surged 98 percent to 14.4 million ringgit on higher revenue. Faber lost 0.9 percent to 2.26 ringgit.
Hektar Real Estate Investment Trust (HEKT MK): The property trust said first-quarter profit rise 9.9 percent to 10 million ringgit from a year earlier, boosted by higher rental income. Hektar slid 1.6 percent to 1.24 ringgit.
PT Bank Central Asia (BBCA IJ): Indonesia’s biggest lender by market value said it plans to pay 39 percent of its 2009 net income as dividend. The company will pay 70 rupiah a share as final dividend after it paid an interim dividend of 40 rupiah a share on Dec. 2. Bank Central, Indonesia’s largest bank by market value, fell 5.5 percent to 5,200 rupiah.
Xingquan International Sports Holdings Ltd. (XISH MK): The Chinese sports-shoe maker said it received sales orders worth 673 million yuan at its autumn/winter 2010 sales fair in Xiamen, Fujian province, 35 percent more than at the same event last year. The stock added 0.9 percent to 1.15 ringgit.