Acer, Benguet, BHP, China Unicom, Cnooc, San Miguel: Asia Ex-Japan 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.

Acer Inc. (2353) (2353 TT): Acer posted a second-quarter net loss of NT$6.8 billion ($234 million), the Taipei-based company said in a statement. The average of 17 analyst estimates compiled by Bloomberg was for a net loss of NT$2.1 billion. Acer dropped 2.9 percent to NT$31.55.

BHP Billiton Ltd. (BHP) : The world’s biggest mining company said second-half profit climbed to a record, beating analyst estimates, after prices of copper, iron-ore and coal reached all-time highs because of demand from China. Net income rose to $13.1 billion for the six months ended June 30, from $6.6 billion a year earlier, spokeswoman Kelly Quirke said from Melbourne. That compares with the $11.6 billion mean of six analyst estimates compiled by Bloomberg. BHP was unchanged at A$38.21.

Benguet Corp. (BC) : The Philippine mining company’s nickel unit signed a so-called “off-take agreement” with Bright Mining & Resource Co. for the sale and delivery of 1.8 million metric tons of nickel ore over the next three years, a stock-exchange filing showed. Benguet Class A shares rose 0.9 percent to 28 pesos. Benguet Class B shares gained 1.5 percent to 27.50 pesos.

Bank of China Ltd. (3988) (3988 HK): The nation’s third-largest lender by assets said first-half profit jumped 28 percent to a record as loan and fee income climbed. Net income increased to 66.5 billion yuan ($10.4 billion) from 52 billion yuan a year earlier, the Beijing-based company said in a Hong Kong stock exchange statement. The stock lost 2.3 percent to HK$3.01.

China Unicom (Hong Kong) Ltd. (762 HK): The nation’s second-largest mobile phone company said net income in the second quarter rose 78 percent to 2.49 billion yuan, according to figures derived from first-half earnings reported by the Beijing-based company. Profit exceeded the 969 million yuan average of four analysts’ estimates compiled by Bloomberg. China Unicom added 0.4 percent to HK$13.70.

Cnooc Ltd. (883) (883 HK): China’s biggest offshore oil explorer posted record half-year profit after crude prices rose and it increased output to meet demand in the fastest-growing major economy. Net income climbed 51 percent to 39.34 billion yuan, or 0.88 yuan a share, in the first six months from 25.99 billion yuan, or 0.58 yuan, a year earlier, Cnooc said in a Hong Kong stock exchange filing. Cnooc fell 2.1 percent to HK$14.22.

Dongaone Co. (008040 KS): The South Korean flour miller will be added to the Kospi 200 Index, replacing Hite Brewery Co., Korea Exchange Inc. said. Changes will be effective Aug. 30, according to a statement by the nation’s bourse operator. Dongaone declined 0.2 percent to 2,900 won.

MacroAsia Corp. (MAC) : The Philippine provider of in- flight catering services bought back 50,000 shares, a stock- exchange filing showed. The stock increased 0.6 percent to 3.20 pesos.

Pacific Online Systems Corp. (LOTO) : The company that leases terminals for the online lottery operated by the Philippine government bought back 70,000 shares, a stock- exchange filing showed. The stock was unchanged at 19 pesos.

San Miguel Corp. (SMC) : SMC Global Power Holdings Corp., a unit of the largest Philippine food and drinks company, has sought approval from the Securities and Exchange Commission to sell between 300 million to 500 million shares in an initial public offering at a price ranging between 44 pesos and 71 pesos each, a regulatory filing showed. San Miguel climbed 1 percent to 124 pesos.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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