Atlas, Daewoo, KNM Group, Sun Hung Kai, TSMC: Asia Ex-Japan Equity Preview
The following companies may have unusual price changes today in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
Hong Kong developers: Home prices in Hong Kong dropped 0.45 percent in the week ended Sept. 12 from a week earlier, Centaline Property Agency Ltd. said. Sun Hung Kai Properties Ltd. (16 HK), the world’s biggest developer, advanced 2.6 percent to HK$120.40. Henderson Land Development Co. (12 HK), the Hong Kong builder controlled by billionaire Lee Shau-kee, gained 1 percent to HK$50.30. New World Development Ltd. (17 HK), controlled by billionaire Cheng Yu-tung, rose 4.3 percent to HK$14.
Atlas Consolidated Mining & Development Corp. (AT PM): The second-largest Philippine producer of metals made its 13th shipment of copper concentrates this year, worth $10.7 million, a stock-exchange filing showed. The stock advanced 5.6 percent to 14.78 pesos.
Century Peak Metals Holdings Corp. (CPM PM): The Philippine Stock Exchange said in a notice that 1.28 billion shares of Century Peak will be released from lockup and become tradable Oct. 1. The stock increased 1.6 percent to 2.55 pesos.
Daewoo Shipbuilding & Marine Engineering Co. (042660 KS): Dsec Co., a unit of Daewoo Shipbuilding, applied for an initial public offering in South Korea, the Korea Exchange said in a statement. The stock was unchanged at 25,950 won.
Green Energy Technology Inc. (3519 TT): The Taiwanese solar ingot and wafer maker obtained board approval to invest NT$5.8 billion ($183 million) in a new factory and equipment to expand capacity to make solar wafers in the Southern Taiwan Science Park, the Taipei-based company said in an e-mailed statement. The stock rose 6.9 percent to NT$89.50.
Inotera Memories Inc. (3474 TT): Taiwan’s third-largest chipmaker bought NT$302 million of equipment from Formosa Technologies Corp. in a year dating from Sep. 17, 2009, the company said in a statement. The stock declined 1.2 percent to NT$16.25.
KNM Group Bhd. (KNMG MK): Elliott Capital Advisors LP bought 18.4 million shares in the Malaysian oil and gas services provider, raising its stake to 5.57 percent, a stock-exchange filing showed. Elliott bought the shares from Sept. 9 to Sept. 15, according to the filing. KNM rose 7.3 percent to 44 sen.
Oriental Peninsula Resources Group Inc. (ORE PM): The company won court approval to dismiss a case it filed against rival Platinum Group Metals Corp., a stock-exchange filing showed. Oriental sought the dismissal because it has reached a settlement with Platinum Group over a mining prospect dispute, it said. The stock rose 1 percent to 3.18 pesos.
Shinsegae Co. (004170 KS): South Korea’s biggest discount- store operator priced $100 million of three-year floating-rate notes to yield 110 basis points more than the London interbank offered rate, according to data compiled by Bloomberg. The stock was unchanged at 608,000 won.
Taiwan Semiconductor Manufacturing Co. (2330 TT): The world’s largest custom manufacturer of chips, also known as TSMC, bought NT$1.2 billion of equipment from KLA-Tencor Corp. between Aug. 25 and Sept. 17, the Hsinchu, Taiwan-based company said in an exchange filing. The stock gained 1.2 percent to NT$61.20