Hutchison Telecom, Lenovo: Hong Kong Stocks Preview

(Corrects profit estimate in China Life item.)

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

The Hang Seng Index (HSI) gained 1.7 percent to 22,685.22. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, increased 1.8 percent to 12,465.65.

China Coal Energy Co. (1898 HK): The nation’s second- largest producer of the fuel is expected report full-year earnings tomorrow. The company may post a net income of 10 billion yuan ($1.5 billion), according to the average estimate by 17 analysts compiled by Bloomberg. That compares with 7.8 billion yuan the previous year. The stock climbed 3 percent to HK$11.84.

China Life Insurance Co. (2628 HK): The country’s biggest insurer will report its full-year earnings tomorrow. The company is expected to post net income of 33.7 billion yuan, according to the average of 11 analyst estimates compiled by Bloomberg. That compared with a net profit of 32.9 billion yuan in the previous year. China Life increased 1.9 percent to HK$28.95.

Hutchison Telecommunications Hong Kong Holdings Ltd. (215) (215 HK): The phone carrier controlled by billionaire Li Ka-shing said full-year net income increased to HK$755 million ($97 million) from HK$468 million. That compares with the average estimate of HK$730 million by five analysts compiled by Bloomberg. The stock advanced 4.6 percent to HK$2.75.

Lenovo Group Ltd. (992) (992 HK), China’s biggest maker of personal computers said it is “fully committed” to its planned venture with NEC Corp. (6701 JP) in Japan after this month’s earthquake. Lenovo said it sustained “minimal damage” to its infrastructure in Japan. The shares climbed 5.8 percent to HK$4.18.

Welling Holding Ltd. (382) (382 HK): The manufacturer of airconditioners and refrigerators said full-year profit climbed to HK$532.2 million from HK$353.8 million in the previous year. Welling slipped 2.4 percent to 40.5 Hong Kong cents.

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.

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