Air China, Huadian, PetroChina, Shimao: Hong Kong Stock Preview

The following companies may have significant price changes in Hong Kong. Stock symbols are in parentheses. Share prices are as of the last close.

The Hang Seng Index rose 1.5 percent to 24,125.61. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, advanced 1.6 percent to 13,126.98.

Airlines: Chinese airlines aim for passenger traffic of 300 million this year, an increase of about 13 percent from 2010, the Civil Aviation Administration of China said in a statement on its website.

Air China Ltd. (753 HK), the world’s largest carrier by market value, jumped 3.4 percent to HK$9.50. China Southern Airlines Co. (1055 HK), Asia’s biggest carrier by passenger numbers, rose 1.7 percent to HK$4.75. China Eastern Airlines Corp. (670 HK), the nation’s third-largest carrier by market value, gained 1 percent to HK$4.03.

China developers: Chinese banks offered 54.4 billion yuan ($8.23 billion) of loans to individuals in Shanghai for purchasing properties last year, the central bank’s Shanghai branch said in an e-mailed statement. Just 3.5 billion yuan of the loans was extended during the second half of the year, the statement said.

China Resources Land Ltd. (1109 HK), a state-controlled developer, gained 1.6 percent to HK$15.08. Shimao Property Holdings Ltd. (813 HK), which gets all its revenue from China, rose 2.3 percent to HK$13.20.

China Overseas Land & Investment Ltd. (688 HK), controlled by the nation’s construction ministry, gained 0.5 percent to HK$15.30. The company’s property sales in 2010 rose 40.4 percent from a year earlier to HK$67.1 billion ($8.63 billion), according to an e-mail statement.

CASH Financial Services Group Ltd. (510 HK): The company said its retailing unit Pricerite Stores Ltd. has appointed a sponsor for a possible separate listing on Hong Kong’s stock exchange. CASH Financial was unchanged at 58 Hong Kong cents.

GCL Poly Energy Holdings Ltd. (3800 HK): The Chinese maker of solar products said it signed a contract to supply 5,200 megawatts of wafer and polysilicon products to Canadian Solar Inc. between January 2011 and December 2015. GCL Poly jumped 5.7 percent to HK$3.32.

HSBC Holdings Plc (5 HK): Europe’s No. 1 bank by market value sold $4 billion of debt in U.S. dollars in the third- biggest corporate bond sale this month, according to data compiled by Bloomberg. The stock jumped 3.7 percent to HK$85.45.

Industrial & Commercial Bank of China Ltd. (1398 HK): The lender will strengthen its capital management to meet regulatory requirement and has no plans to seek financing from capital markets within three years, China Securities Journal reported, citing Chairman Jiang Jianqing. Separately, the official Economic Daily reported the bank will increase lending to small enterprises by an average of 140 billion yuan ($21 billion) a year during the nation’s five-year plan running through 2015. The stock increased 0.7 percent to HK$5.93.

Huadian Power International Co. (1071 HK): The listed unit of China’s fourth-largest electricity producer said total power generated in 2010 rose 21 percent to 130.29 million megawatt hours from the previous year on strong demand. The stock jumped 2.7 percent to HK$1.55.

Geely Automobile Holdings Ltd. (175 HK): Volvo Cars, a unit of Geely Automobile’s parent, will expand production capacity for the $32,400 XC60 crossover as it predicts U.S. demand will propel growth, according to Volvo’s Chief Executive Officer Stefan Jacoby. Geely Automobile increased 3 percent to HK$3.80.

Nine Dragons Paper Holdings Ltd. (2689 HK): The containerboard products maker said it plans to buy a 78 percent stake in Hebei Yongxin Paper Co. from Shanghai Industrial Holdings Ltd.’s (363 HK) subsidiary for 564 million yuan. Nine Dragons increased 1.6 percent to HK$11.60. Shanghai Industrial slid 0.2 percent to HK$33.05.

PetroChina Co. (857 HK): The Indonesian unit of China’s biggest energy producer expects oil output from its East Java field to rise to 11,953 barrels a day from 10,780 barrels a day last year, according to Bambang Kardono, general manager at the unit. PetroChina gained 1.9 percent to HK$10.52.

PICC Property & Casualty Co. (2328 HK): China’s biggest non-life insurer said 2010 direct premium income was 153.93 billion yuan. The stock gained 2.1 percent to HK$10.88.

To contact the reporter on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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