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China Mobile, MTR, SJM Holdings, ZTE: Hong Kong Stocks Preview

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) fell 0.3 percent to 22,901.08. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, rose 0.5 percent to 12,733.21.

China Mobile Ltd. (941) (941 HK): China Mobile Communications Corp., parent of the Hong Kong-listed China Mobile, plans to lower call rates on new phone and data plans by an average of at least 15 percent, according to a statement on its website. The company aims to increase the use of Internet by subscribers by lowering the rates, the statement said. China Mobile, the world’s biggest phone carrier by users, sank 0.2 percent to HK$69.65.

MTR Corp. (66) (66 HK): Hong Kong’s subway operator said the company and the city’s government entered into an agreement for the financing, services and equipment for the construction of the Shatin-Central rail link. The stock fell 0.9 percent to HK$27.95.

SJM Holdings Ltd. (880) (880 HK): The Macau casino company said first-quarter net income rose 85 percent to HK$1.41 billion ($181 million) from the same period a year earlier. The stock declined 2.7 percent to HK$16.74.

ZTE Corp. (763) (763 HK): China’s second-biggest phone-equipment maker said it may sell shares of Nationz Technologies Inc. (300077 CH), an integrated-circuit and storage chip producer, at a “proper” time. ZTE rose 1.3 percent to HK$26.40.

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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