CSI, Honda, HTC, Korea Life, Maybank, Neptune Orient: Asia Stocks 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 last close. The information in each item was released after markets shut unless stated otherwise.

CapitaMall Trust (CT) : Singapore’s biggest retail property trust, said it plans to raise about S$250 million ($200 million) by selling new shares to invest in shopping malls in the city-state. The stock lost 0.8 percent to S$1.875 before afternoon trading was suspended.

Chimei Innolux Corp. (3481) (3481 TT), Taiwan’s largest maker of liquid-crystal displays, said third-quarter net loss was NT$17.3 billion ($578 million), from a loss of NT$3.6 billion a year earlier, according to Bloomberg calculations based on nine-month data filed by the company to the exchange. The average of 14 analyst estimates was for a loss of NT$9 billion. The stock retreated 2.4 percent to NT$12.20.

CSI Properties Ltd. (497) (497 HK): The property trading and management company said it expects first-half financial results to be “significantly better” from a year earlier because of increase in profits from “improvement in market conditions.” The stock was unchanged at 19.3 Hong Kong cents.

Fuji Media Holdings Inc. (4676) (4676 JT): The TV broadcaster boosted its full-year net-income forecast to 16.8 million yen from 12.1 million yen for the year ending March 31, according to a statement to the Tokyo Stock Exchange. The stock fell 0.4 percent to 113,600 yen.

Guangzhou Automobile Group Co. (2238 HK): The Chinese partner of Honda Motor Co. (7267 JT) said net income for the nine months ended Sept. 30 was 2.6 billion yuan. The stock slid 0.1 percent to HK$7.87.

Honda Motor Co. (7267 JT): Japan’s third-largest carmaker reported second-quarter profit that missed analysts’ estimates and withdrew its full-year forecast after flooding in Thailand crippled its production in Southeast Asia.

Net income was 60.4 billion yen ($761 million) in the three months ended Sept. 30, compared with 135.9 billion yen a year earlier, the company said in a statement. The stock fell 3.7 percent to 2,406 yen.

Hon Hai Precision Industry Co. (2317 TT), the world’s largest contract manufacturer of electronics, said third-quarter net income fell 8.6 percent to NT$19.2 billion ($641 million), from NT$21 billion last year. The average of 11 analysts’ estimates compiled by Bloomberg was for profit of NT$18 billion. The stock increased 2 percent to NT$83.30.

HTC Corp. (2498) (2498 TT), Asia’s second-largest smartphone maker, said fourth-quarter revenue will be NT$125 billion to NT$135 billion, with shipments of 12 million to 13 million units. The average of 20 analyst estimates compiled by Bloomberg is for sales of NT$150 billion. A survey by Bloomberg News of six analysts had a median shipment estimate of 13.5 million units. The stock lost 0.9 percent to NT$686.

Hyundai Glovis Co. (086280 KS): The company will spend 148 billion won ($134 million) to buy two car carriers, according to a regulatory filing. The logistics company lost 2.8 percent to 210,000 won.

Hyundai Merchant Marine Co. (011200 KS): The company posted a third-quarter operating loss of 98.7 billion won because of lower freight rates and higher fuel costs, according to a regulatory filing. The shares slipped 1.9 percent to 29,000 won.

Japan Tobacco Inc. (2914) (2914 JT): Asia’s largest cigarette maker by market value said first-half net income jumped 18 percent to 95.9 billion yen on currency gains. The stock slid 0.6 percent to 395,500 yen.

Kansai Electric Power Co. (9503 JT): The utility expects to report a loss for the year to March 31 because of reduced generation from idled nuclear plants that the company lacks approval to restart, said Momosuke Ozuku, a general manager. The stock declined 2.1 percent to 1,161 yen.

Korea Life Insurance Co. (088350 KS): The company will buy back 26 million of its own shares, according to a regulatory filing. The South Korean life insurer added 2.5 percent to 6,270 won.

Malayan Banking Bhd. (MAY) : PT Bank Internasional Indonesia, a unit of Malayan Banking, said net income in the nine months ended Sept. 31 rose 34 percent from a year earlier to 555 billion rupiah ($63 million), according to a company statement. Malayan Banking, or Maybank, rose 0.1 percent to 8.36 ringgit.

Minmetals Resources Ltd. (1208) (1208 HK): The copper and zinc miner said it is not in talks with China Minmetals Corp. over Peru Galeno Copper Mine, after South China Morning Post reported China Minmetals may inject the project into the listed company, citing Chairman Wang Lixin. Minmetals Resources suspended trading in Hong Kong on Oct. 31 pending a price-sensitive statement related to rules governing the listing of securities.

Murata Manufacturing Co. (6981 JO): The electronic-parts maker said it plans to spend as much as 15 billion yen to buy back up to 1.9 percent of its outstanding shares. Murata also cut its full-year net-income outlook 28 percent to 42 billion yen. The stock sank 3.9 percent to 4,435 yen.

Neptune Orient Lines Ltd. (NOL SP): Southeast Asia’s biggest container carrier said it had a third-quarter net loss of $91.1 million, compared with a net profit of $282.3 million a year earlier. The company expects to report a full-year loss amid slowing shipping demand. The stock slid 0.9 percent to S$1.14.

Panasonic Corp. (6752) (6752 JT): The electronics maker forecast an annual net loss of 420 billion yen, citing the impact of the strong yen and overseas competition in its digital products business. Panasonic reversed an earlier projection for profit of 30 billion yen for the year ending in March 2012, the company said. The stock slid 2.1 percent to 809 yen.

Quanta Computer Inc. (2382) (2382 TT), the world’s largest contract maker of notebook computers, said third-quarter profit of NT$5.45 billion. The average of average of 14 analyst estimates which was for profit of NT$5.45 billion. The stock advanced 0.5 percent to NT$59.90.

Showa Shell Sekiyu K.K. (5002 JT): The refiner said net income almost tripled to 32.5 billion yen in the nine months ended Sept. 30 from 11.3 billion yen a year earlier, as sales jumped by 20 percent. The company cut its full-year net-income outlook 28 percent to 28 billion yen. The stock fell 0.9 percent to 575 yen.

Sunchirin Industries (Malaysia) Bhd. (SCR MK): The Malaysian auto-parts maker said it expects lower revenue in the fourth quarter because of slower deliveries at its Thai unit after a slowdown in motor vehicle production caused by flooding. The stock last traded at 1.50 ringgit on Oct. 28.

Suntec Real Estate Investment Trust (SUN) : The office and shopping mall landlord said it will spend S$410 million to refurbish the Suntec City retail and convention center. Upon completion of the project by mid-2015, the company said it expects Suntec City’s net property income to increase by 33 percent or S$23 million. The stock fell 2.8 percent to S$1.24.

Toshiba Corp. (6502) (6502 JT): The world’s No. 2 maker of flash memory chips said profit fell 19 percent in the fiscal first half as a strengthening yen eroded the value of overseas sales.

Net income dropped to 22.7 billion yen in the six months ended Sept. 30, from 27.8 billion yen a year earlier, the Tokyo- based company said today in a statement. Sales fell 5.5 percent to 2.91 trillion yen. The stock dropped 3.9 percent to 349 yen.

To contact the reporters on this story: Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net; Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

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