EID Parry, Hynix, KDDI, Macau Casinos, San Miguel, STX: Asia Stock Preview
The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Casino stocks: Visitors to Macau from mainland China in September rose 39 percent from a year earlier, according to the Macau Statistics and Census Service. Total visitors rose 18 percent for the period, it said. Galaxy Entertainment Group Ltd. (27) (27 HK), an operator of casinos in Macau, jumped 8.3 percent to HK$15.48. Wynn Macau Ltd. (1128) (1128 HK), a unit of the casino operator founded by billionaire Steve Wynn, rose 7.1 percent to HK$20.20.
Oil producers: China’s resource tax on oil and gas producers has been set at 5 percent of sales, the finance ministry said in a statement on its website today. PetroChina Co. (601857 CH) rose 1.9 percent to 9.83 yuan. China Petroleum & Chemical Corp. (600028) (600028 CH) climbed 2.3 percent to 7.06 yuan.
Anhui Gujing Distillery Co. (000596 CH): The company’s third-quarter net income rose 76.5 percent from a year ago to 62.6 million yuan ($9.8 million), according to a statement to the Shenzhen Stock Exchange today. The stock advanced 1.6 percent to 83.30 yuan.
Asia Cement (China) Holdings Corp. (743 HK): The cement manufacturer said nine-month net income was 967.7 million yuan, compared with 168.4 million yuan a year earlier. The stock gained 4.4 percent to HK$3.55.
Canon Marketing Japan Inc. (8060) (8060 JT): The distributor for Canon Inc. (7751 JT) said net income in the nine months ended Sept. 30 jumped to 2.4 billion yen ($31.4 million) from 296 million yen a year earlier. Canon Marketing slid 0.1 percent to 942 yen.
China Vanke Co. (000002 CH): The nation’s biggest developer by market value, said third-quarter profit rose 32 percent to 606 million yuan from a year earlier, according to a statement to the Shenzhen Stock Exchange today. The stock added 3 percent to 7.19 yuan.
DiGi.Com Bhd. (DIGI) : The Malaysian mobile-phone operator said third-quarter net income rose 1.1 percent from a year earlier to 292.4 million ($93.3 million) ringgit from 289.3 million ringgit. The shares were unchanged at 31.58 ringgit.
EID Parry India Ltd. (EID) : An Indian fertilizer and sugar maker said group profit dropped 28 percent in the three months ended September to 1.26 billion rupees from 1.74 billion rupees a year ago. The shares fell 0.5 percent to 219.9 rupees.
Everbright Securities Co. (601788 CH): The brokerage said third-quarter net income fell 56.4 percent from a year earlier to 245 million yuan, according to an exchange filing. The stock jumped 4 percent to 12.76 yuan.
GAIL India Ltd. (GAIL) : The nation’s biggest seller of natural gas reported net income of 10.94 billion rupees in the quarter ended Sept. 30, beating analysts estimates of 10.4 billion rupees, according to exchange filing. Separately, the company is planning to seek a big shale gas asset in the U.S., Chairman B.C. Tripathi told reporters in New Delhi today. It plans to raise as much as $300 million in overseas loans in the next two months, he said. The stock gained 1.7 percent to 425.7 rupees.
Hynix Semiconductor Inc. (000660) (000660 KS): Hynix shareholders will extend a deadline for bids for a controlling stake in the chipmaker to between Nov. 8 and Nov. 10 from Nov. 3, the Chosun Ilbo reported, citing unidentified industry officials. The world’s second-largest computer-memory chipmaker gained 3 percent to 23,900 won.
IHI Corp. (7013) (7013 JT): The heavy-machinery maker’s first-half net income missed its forecast by 29 percent after values of its securities holdings declined. IHI posted net income of 5 billion yen in the six months ended September, compared with a forecast of 7 billion yen, according to a preliminary earnings statement. The stock gained 3.9 percent to 185 yen.
Interpark Corp. (035080) (035080 KS): A group led by Interpark was selected by Samsung Group as the preferred bidder for the sale of iMarketKorea Inc. Interpark, which operates an Internet-based shopping mall, fell 2 percent to 6,000 won. IMarketKorea (122900 KS), a procurement services provider, slipped 2.9 percent to 18,600 won.
KDDI Corp. (9433) (9433 JT): The mobile operator, which began offering Apple Inc.’s iPhone in Japan this month, raised its annual target for smartphone sales by 25 percent to 5 million units, President Takashi Tanaka told reporters in Tokyo. First- half operating profit rose 7.6 percent to 266.7 billion yen, KDDI said in a separate release. The stock advanced 1.6 percent to 564,000 yen.
Mitsubishi Motors Corp. (7211) (7211 JT): The automaker’s first- half profit beat its forecast after sales increased and costs fell. Mitsubishi had net income of 10.6 billion yen for the six months ended Sept. 30, compared with its previous break-even forecast, according to preliminary results through the Tokyo Stock Exchange. The stock rose 3 percent to 103 yen.
Mahindra & Mahindra Financial Services (MMFS) Ltd. (MMFS): The auto-financing unit of India’s largest maker of tractors and sport-utility vehicles reported profit fell 13 percent to 1.23 billion rupees in the three months ended Sept. 30 from a year earlier. The stock gained 1.2 percent to 638.55 rupees.
Nishimatsuya Chain Co. (7545 JT): The apparel retailer said same-store sales in the month ended Oct. 20 rose 0.5 percent from the same period a year earlier, its first increase in 11 months. The stock gained 2.4 percent to 598 yen.
Nomura Real Estate Holdings Inc. (3231) (3231 JT): The developer said in a preliminary earnings statement that first-half net income amounted to 5 billion yen, beating its 2 billion yen forecast, on lower administration costs. The stock rose 2 percent to 1,305 yen.
NTT Data Corp. (9613) (9613 JT): The provider of network-system services said it has acquired a 40 percent stake in VietUnion Online Services Corp., a Vietnamese information-technology company. NTT Data added 1.4 percent to 260,100 yen.
Olam International Ltd. (OLAM) : The Singapore-based supplier of agricultural commodities said it agreed to buy the spice processing and distribution business of India’s Vallabhdas Kanji Ltd. for $18 million. The stock climbed 3 percent to S$2.40.
Penta-Ocean Construction Co. (1893 JT): The general contractor’s net income totaled 900 million yen in the six months ended Sept. 30, swinging from a forecast loss of 600 million yen, according to a preliminary earnings statement. The stock added 0.4 percent to 249 yen.
Primary Health Care Ltd. (PRY) : Co. was downgraded to “buy” from “strong buy” at BBY Ltd. The shares climbed 2.1 percent to A$3.37.
San Miguel Corp. (SMC) : The largest Philippine food and drinks company is evaluating options for an appropriate structure for its telecommunication business, a stock exchange filing showed. San Miguel rose 1.6 percent to 114.30 pesos. Liberty Telecom Holdings Inc. (LIB PM), partly owned by San Miguel, declined 2.1 percent to 3.20 pesos.
Shikoku Bank Ltd. (8387) (8387 JT): The regional bank’s net income came to 3.5 billion yen in the six months ended Sept. 30, beating its profit outlook by 59 percent on less-than-expected credit costs, according to a preliminary earnings statement. The stock fell 0.4 percent to 281 yen.
Shima Seiki Manufacturing Ltd. (6222) (6222 JO): The maker of knitting machinery slashed its full-year net-income projection 80 percent to 1 billion yen due to foreign exchange losses and disappointing sales. The stock advanced 1 percent to 1,458 yen.
Sound Global Ltd. (SGL) : The water treatment company said it won a contract to build and operate wastewater treatment facilities in Jiangyan City in China’s Jiangsu province. The project will cost 480 million yuan in total investments, it said. Sound Global gained 2.1 percent to 48 Singapore cents.
STX Offshore & Shipbuilding Co. (067250 KS): The company hasn’t decided whether to sell bonds with warrants, according to a regulatory filing. The South Korean shipyard added 5.3 percent to 15,000 won.
Toto Ltd. (5332) (5332 JT): The maker of ceramic fixtures such as toilets raised its operating-profit outlook 14 percent to 20 billion yen in the year ending March 31, while cutting its net- income forecast 7.7 percent to 12 billion yen for the same period. The stock climbed 2.6 percent to 677 yen.
Westfield Group (WDC) : Co. said it agreed to sell its 50 percent stake in Cairns Central to Australian Prime Property Fund. Westfield shares rose 1.3 percent to A$7.65.
Wuhan Iron & Steel Co. (600005 CH): The publicly traded unit of China’s fourth-biggest mill, said third-quarter profit gained 24 percent to 413.4 million yuan from a year earlier, according to an exchange filing. The stock advanced 2.1 percent to 3.36 yuan.
YTL Corp. (YTL MK): The Malaysian utilities, cement and property group spent 3.8 million ringgit buying back 2.5 million of its own shares, a stock exchange filing showed. YTL rose 1.3 percent to 1.51 ringgit.
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