Aztech Group, Hotai Motor, Iris, Olam, Posco: 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.

Markets in Australia, Hong Kong and New Zealand will be shut for public holidays.

Aztech Group Ltd. (AZ) : The Singaporean marine logistics company and electronics manufacturer said it had a first-quarter net loss of S$21 million ($17 million), compared with a net income of S$1.6 million a year ago. Aztech fell 2.9 percent to 16.5 Singapore cents.

Hotai Motor Co. (2207 TT): The Taiwanese carmaker said its venture Kuozui Motors Ltd. will suspend part of its production from April 25 to June 3 because of lack of parts from Japan after the nation’s March earthquake, the Taipei-based company said in an exchange statement. The suspension will cut total output by 50 percent, according to the statement. Kuozui Motors, a venture between Hotai, Toyota Motor Corp. and Hino Motors Ltd., makes Toyota vehicles in Taiwan. Hotai fell 1.2 percent to NT$85.90.

Iris Corp. (ICB MK): The Malaysian supplier of smart cards won a $150 million contract to supply national identity cards to the Tanzanian government. The contract is for five years, Iris said in a statement. Iris was unchanged at 19 sen.

Olam International Ltd. (OLAM) : The Singapore supplier of agricultural commodities said it is offering to buy the rest of NZ Farming Systems Uruguay Ltd. for 70 New Zealand cents each. The company owns about 78 percent of the dairy producer. Olam lost 0.3 percent to S$2.94.

Posco (005490) (005490 KS): The world’s third-biggest steelmaker by output reported a 33 percent drop in first-quarter profit after raw material costs increased. Net income fell to 927 billion won ($858 million) in the three months ended March 31 from 1.37 trillion won a year earlier, the Pohang, South Korea-based company said in a regulatory filing. Posco also raised steel prices by 160,000 won per metric ton, according to presentation materials accompanying its quarterly results. The stock gained 0.5 percent to 481,000 won.

Permaju Industries Bhd. (PERM) : The Malaysian timber group’s Capital Intertrade Sdn. unit was appointed a sales dealer of Ford vehicles by Sime Darby Auto Connexion Sdn., according to a company statement. Permaju fell 1.3 percent to 39.5 sen.

Stats Chippac Ltd. (STAT) : The chip-testing and packaging company partly owned by Temasek Holdings Pte said first-quarter net income dropped to $6.3 million from $27.5 million a year ago. Its shares gained 0.7 percent to 75.5 Singapore cents.

To contact the reporter on this story: Chan Tien Hin in Kuala Lumpur at

To contact the editor responsible for this story: Darren Boey at

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