Hynix, MediaTek, Myer, PT Charoen, YTL Corp.: Asia Ex-Japan Equity Preview
Stock Chart for SK Hynix Inc (000660)
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.
PT Charoen Pokphand Indonesia (CPIN IJ): The nation’s biggest poultry farm operator signed a $250 million loan with 13 banks after initially targeting $200 million. The proceeds will be used to refinance debt, finance capital expenditures and for working capital requirements, President Director Thomas Effendy said. Charoen Pokphand surged 20 percent to 2,425 rupiah.
Hynix Semiconductor Inc. (000660) (000660 KS): Hynix shareholders extended the deadline for accepting bids for a controlling stake in the world’s second-largest maker of computer-memory chips to allow more suitors to join the sale. Main bids for a 20 percent stake in Hynix can be made until Nov. 3, instead of the earlier deadline on Oct. 24, Korea Exchange Bank, which is leading the sale, said in an e-mailed statement. Hynix gained 6.5 percent to 21,250 won.
MediaTek Inc. (2454) (2454 TT): MediaTek denied a report by the Commercial Times it was asked to increase chip production to meet orders from Lenovo Group Ltd., according to a statement to the Taiwan stock exchange. The information isn’t provided by the company and is “purely speculation,” the statement said. MediaTek jumped 6.9 percent to NT$327.
Myer Holdings Ltd. (MYR) : Australia’s biggest department-store chain sees consumer confidence at a three- decade low and doesn’t expect any improvement in at least six months, Chief Executive Officer Bernie Brookes said. Myer climbed 1.3 percent to A$2.01.
YTL Corp. (YTL MK): The Malaysian utilities, cement and property group spent 9.2 million ringgit ($2.9 million) buying back 6.75 million of its own shares, stock filings showed. YTL rose 3 percent to 1.36 ringgit.
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