Banco de Oro, Cebu, Dalian, New World, Tenaga: Asia Ex-Japan Stock 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.

Banco de Oro Unibank Inc. (BDO) : The largest Philippine bank by assets sold about 6.5 billion pesos ($149 million) of so-called lower tier two notes to boost capital, according to a person familiar with the matter. The stock gained 1.8 percent to 48.90 pesos.

Bendigo & Adelaide Bank Ltd. (BEN AU): The Australian lender yesterday started the sale of A$77 million ($76 million) of treasury notes that will mature Oct. 5, 2012. The stock fell 0.7 percent to A$8.33.

Cebu Air Inc. (CEB) : The largest Philippine budget carrier bought back 46,820 shares, a stock-exchange filing showed. The stock increased 1.7 percent to 71.20 pesos.

Daishin Securities Co. (003540 KS): The South Korean financial services company plans to spend 11.6 billion won ($10 million) to buy back 1.2 million shares in the next three months to stabilize its stock prices, according to a regulatory filing. The purchase starts today, according to the filing. The stock increased 2.7 percent to 9,890 won.

Dalian Port (PDA) Co. (2880 HK): The Chinese operator of crude-oil terminals said it plans to sell yuan-denominated bonds overseas and use the proceeds to pay debt and for general working capital. The stock was unchanged at HK$1.70 on Sept. 28 in Hong Kong. Its Shanghai-traded shares (601880 CH) dropped 0.7 percent to 2.98 yuan.

Hyundai Motor Co. (005380) (005380 KS): Beijing-Hyundai Motor Co. Chief Executive Officer Jae-Man Noh said Hyundai’s production capacity in China will reach 1 million units a year by the second half of 2012. Hyundai may have a 6.4 percent to 6.5 percent share of the Chinese market this year, Noh said. Hyundai Motor gained 2.9 percent to 211,000 won.

International Container Terminal Services Inc. (ICT) : ICTSI Warehousing Inc., a unit of the largest Philippine port operator, bought 1.6 million shares in the open market, a stock- exchange filing showed. The stock decreased 1.4 percent to 45.25 pesos.

New World Development Co. (17 HK): The Chinese developer controlled by billionaire Cheng Yu-tung said full-year net income was HK$9.2 billion ($1.18 billion), compared with a restated HK$12.4 billion a year earlier, according to a statement to the Hong Kong stock exchange. The stock declined 1.8 percent HK$7.45 on Sept. 28.

Selangor Properties Bhd. (SPR) : The Malaysian property developer’s profit in the third quarter ended July 31 quadrupled from a year earlier to 31.6 million ringgit ($9.94 million), it said in a statement. The stock fell 1.6 percent to 3.07 ringgit.

Tenaga Nasional Bhd. (TNB) : The Malaysian state-controlled power producer said it has no knowledge of any proposal to split the company into smaller units, as reported in the Star newspaper on Sept. 28. Tenaga rose 2.8 percent to 5.18 ringgit.

To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net

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

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