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.
Filinvest Land Inc. (FLI PM): Invesco Hong Kong Ltd. acquired 3.28 million shares, raising its stake in Filinvest Land to 8.32 percent, a Philippine Stock Exchange filing showed. Filinvest Development Corp. (FDC PM) acquired 5 million shares in the Manila-based property developer, a separate filing showed.
Filinvest Land decreased 1.1 percent to 91 centavos. Filinvest Development fell 0.9 percent to 2.10 pesos.
Hopewell Holdings Ltd. (54 HK): The developer said it will sell, rather than rent out as previously planned, the 76 units in its 12 Broadwood Road project in Hong Kong’s Happy Valley district. The company said it plans to start sales “soon.” The stock climbed 2.6 percent to HK$21.70.
HSBC Holdings Plc (5 HK): Europe’s largest bank will continue to add branches in China as fast as the nation’s regulators allow, Chief Executive Officer Michael Geoghegan said. The stock declined 1.4 percent to HK$71.65.
International Container Terminal Services Inc. (ICT PM): The largest Philippine port operator’s 12-month share price estimate was raised 10 percent to 33 pesos by CLSA Ltd. analyst Michael Bengson, who increased his income forecast for the company on volume growth. The brokerage kept its “buy” rating on the shares, he said. The stock rose 1.9 percent to 27 pesos.
James Hardie Industries SE (JHX AU): The biggest seller of home siding in the U.S. was raised to “hold” from “sell” by Paterson Securities analyst Ben Kakoschke. The 12-month target price is A$7.31 a share, he said. The stock gained 0.7 percent to A$7.50.
KT&G Corp. (033780 KS): South Korea’s biggest tobacco company was raised to “buy” from “hold” by Eugene Investment & Securities analyst Seong-Hoon Jeong. The stock’s 12-month share price estimate is 76,000 won, the analyst said. The stock fell 2.9 percent to 57,400 won.
Nyota Minerals Ltd. (NYO AU): The explorer and developer of gold projects said it will transfer its interest in the SwaziGold project to joint-venture partner Savinara Co. SA. On the sale of the project, Nyota said it will receive 50 percent of the proceeds. The stock was unchanged at 26.5 Australian cents.
PT Astra International (ASII IJ): Indonesia’s April domestic vehicle sales declined to 65,232 units from 65,555 units a month earlier, the company said in an e-mailed statement in Jakarta, citing data from the nation’s automotive industries association. Astra, Indonesia’s largest automotive retailer, slid 0.3 percent to 37,900 rupiah.
Primary Health Care Ltd. (PRY AU): Australia’s second- largest provider of medical diagnostic tests was raised to “buy” from “hold” by BBY Ltd. analyst Dennis Hulme, who has a 12-month share price target of A$4.20. The stock fell 0.5 percent to A$3.80.
Samsung Life Insurance Co. (032830 KS): South Korea’s largest life insurer was rated “buy” with a six-month share price estimate of 136,000 won a share in initial coverage by Daishin Securities analyst Seung-Gun Kang. The stock decreased 4.7 percent to 102,500 won.
Sarawak Cable Bhd. (SRCB MK): Shares of the Malaysian manufacturer of power cables and wires will debut on the Kuala Lumpur stock exchange. The company sold shares at 70 sen each in its initial public offering.
Star Publications (Malaysia) Bhd. (STAR MK): The Malaysian newspaper publisher said first-quarter profit doubled from a year earlier to 37.8 million ringgit ($11.4 million) on higher revenue. Star was unchanged at 3.30 ringgit.