Alibaba.com., China Unicom, Ping An: Hong Kong Stocks 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 climbed 1.1 percent to 24,419.62. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, increased 1.3 percent to 13,132.33.

Chinese lenders: China’s four big commercial banks were told to limit their loans to a combined 726 billion yuan ($110 billion) in the first quarter, Caixin Online reported, citing an unidentified person familiar with the matter. The country’s regulator set the quota after massive loans in the first two weeks of this year, the magazine reported just before the end of trading in Hong Kong.

China Construction Bank Corp. (939 HK), the second-largest, rose 1.4 percent to HK$7.22.

Industrial & Commercial Bank of China Ltd. (1398 HK), the country’s biggest lender, rose 0.7 percent to HK$6.04. The bank is seeking a so-called qualifying full bank license in Singapore, the Straits Times reported, without citing anyone. This will allow the lender to set up branches and ATMs across 25 locations in the city-state, the newspaper said.

Alibaba.com Ltd. (1688 HK): The company’s parent, Alibaba Group Holdings Ltd., said it and its financing partners plan to spend as much as 30 billion yuan to build a nationwide chain of warehouses to speed up delivery of products. Alibaba.com, owner of China’s biggest online commerce site for businesses, lost 1.1 percent to HK$17.02.

Aluminum Corp. of China Ltd. (2600 HK): The company’s parent, Aluminum Corp. of China, also known as Chinalco, had 2010 revenue of 200.3 billion yuan, up 41 percent from a year ago, Xinhua News Agency reported, citing spokesman Yuan Li. Separately, Li said the company aims to start production from its copper mine in Peru this year. Chalco, as the Hong Kong- listed unit is known, climbed 3.9 percent to HK$7.80.

China Shipping Container Lines Co. (2866 HK): The shipping company said its 2010 profit is “expected to increase significantly” from a loss in 2009 because of the global economic recovery and growth of the shipping industry. The company said it has applied for its stock to resume trading after a suspension yesterday.

China Unicom (Hong Kong) Ltd. (762 HK): The nation’s second-largest wireless operator said its total users increased to 311.29 million in December from 311.01 million in November. The shares advanced 3.3 percent to HK$11.94.

China Wireless Technologies Ltd. (2369 HK): The provider of terminal products said it will raise as much as a net HK$669 million in a placing of as many as 150 million shares at HK$4.55 each. The stock surged 10 percent to HK$4.88.

Citic Pacific Ltd. (267 HK): A unit of China’s biggest state-owned investment company said it will start iron ore exports from its Australian project in the “latter” part of the year, a delay from a previous plan. The stock fell 0.5 percent to HK$20.90.

Datang International Power Generation Co. (991 HK): China’s biggest publicly traded electricity producer by market value said total power generation last year rose by 26 percent from 2009, mainly because of an increase in capacity and demand. The stock gained 3.4 percent to HK$2.78.

Fountain Set (Holdings) Ltd. (420 HK): The supplier of knitted fabrics and dyed yarns to China was rated “buy” with a share-price forecast of HK$2.16 in new coverage by Kim Eng Holdings Ltd. The shares were unchanged at HK$1.64.

Jiahua Stores Holdings Ltd. (602 HK): The Shenzhen, China- based department store operator said it will swing to a profit in 2010 from a loss a year ago. Jiahua Stores decreased 7.9 percent to 82 Hong Kong cents.

PetroChina Co. (857 HK): One person is dead and two are missing after an explosion and fire at a PetroChina’s refinery in northeastern China’s Liaoning province, Xinhua News Agency reported, citing a spokesman for the Fushun city government. The stock gained 1.7 percent to HK$10.98.

Ping An Insurance (Group) Co. (2318 HK): The nation’s No. 2 insurer said its securities unit had net income of 1.6 billion yuan last year. The company’s statement didn’t give comparative figures. The shares increased 1.6 percent to HK$83.25.

Yue Yuen Industrial (Holdings) Ltd. (551 HK): The maker of shoes for Nike Inc. said net income for the year ended Sept. 30 increased 3.2 percent to $479.5 million from the previous 12 months. The stock rose 2 percent to HK$27.80.

To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net.

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.