AGL, Asustek, Hyundai Mipo, Universal Robina: 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.
Sugar-related Philippine stocks: The nation has sufficient supply of the sweetener even after dry weather earlier this year delayed production, Sugar Regulatory Administrator Gina Martin said. The nation will continue exports to the US, she said. Universal Robina Corp. (URC PM), which operates four sugar mills and three refineries, decreased 1.4 percent to 37.90 pesos. Filinvest Development Corp. (FDC PM), an owner of sugar companies, increased 4.4 percent to 5.22 pesos. Roxas Holdings Inc. (ROX PM), the nation’s biggest producer of raw sugar, was unchanged at 3 pesos.
AGL Energy Ltd. (AGK AU), Origin Energy Ltd. (ORG AU): Australia’s competition regulator allowed the nation’s biggest electricity and gas retailers to advance with plans to acquire New South Wales state power assets. AGL fell 0.1 percent to A$16.08. Origin advanced 1.9 percent to A$16.41.
Asustek Computer Inc. (2357 TT): The low-cost computer maker posted a 6 percent decline in November sales to NT$25.33 billion. The stock dropped 0.7 percent to NT$278.
Hyundai Mipo Dockyard Co. (010620 KS): The unit of the world’s biggest shipbuilder said a client in Asia changed an order made in 2008 to nine chemical carriers from 10, cutting the value of the contract by 11 percent to 521 billion won. The stock gained 1.8 percent to 171,000 won.
LG Uplus Corp. (032640 KS): South Korea’s smallest mobile- phone operator is selling 100 billion won of 3.8 percent bonds maturing in 2013, according to data compiled by Bloomberg. The stock rose 1.7 percent to 7,180 won.
Mosel Vitelic Inc. (2342 TT): The Taiwanese manufacturer of integrated circuits received approval from most of its creditor banks to extend the payment deadline on debt to the end of next year, a stock exchange filing showed. The stock gained 2.2 percent to NT$13.70.
National Australia Bank Ltd. (NAB AU): The lender added A$600 million to an existing line of notes maturing in November 2015. The floating-rate notes were priced to yield 117 basis points more than the bank bill swap rate, according to an e- mailed statement from the bank.
Samsung Engineering Co. (028050 KS): A group led by Samsung Engineering won a $1.7 billion order for an onshore gas field project in Qatar, the Maeil Business Newspaper reported on its website, citing an unidentified industry official. The group, which includes Japan-based Chiyoda Corp., is scheduled to reach a deal this month, the newspaper said. The stock fell 0.5 percent to 186,500 won.
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