Asia Orient, HKR, HSBC, PCCW, TCC: Hong Kong Equities 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) jumped 5.7 percent to 17,172.28. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, gained 5.8 percent to 8,571.49.

Asia Orient Holdings Ltd. (214) (214 HK): The hotel operator said it will sell HK$80 million ($10.3 million) of 6.5 percent three- year bonds, and use the proceeds to repay borrowings. The stock gained 1.9 percent to HK$1.07.

Beijing Capital International Airport Co. (694 HK): The provider of aircraft movement and passenger service facilities handled a record 1.35 million passengers between Sept. 30 and Oct. 5, Xinhua reported. The stock rose 2.7 percent to HK$3.10.

HKR International Ltd. (480) (480 HK): The developer bought land in Sai Kung from Hong Kong’s government for HK$55 million, the Standard reported. The stock jumped 4.6 percent to HK$2.52.

HSBC Holdings Plc (HSBA) (5 HK): Europe’s largest bank by market value sold $500 million of bonds backed by U.K. credit cards, priced to yield 75 basis points more than Libor, according to a banker involved in the deal. The stock gained 4.7 percent to HK$59.30.

Hutchison Whampoa Ltd. (13) (13 HK): The owner of ports in Germany and Spain said its operations in Europe are “very resilient.” The stock jumped 6 percent to HK$57.15.

PCCW Ltd. (8) (8 HK): The telephone company plans to list its telecommunications business trust in the first week of November if shareholders approve the deal at a meeting next week, two people with knowledge of the matter said. The stock slid 2.6 percent to HK$2.64.

TCC International Holdings Ltd. (1136) (1136 HK): The cement maker said it will delay a shareholders’ meeting to Nov. 1 from Oct. 13. The stock surged 10 percent to HK$2.86.

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: John McCluskey at j.mccluskey@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.