Agile, Cosco, Sany Heavy, Singapore Airlines, Sonata: 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 last close. The information in each item was released after markets shut unless stated otherwise.
Agile Property Holdings Ltd. (3383) (3383 HK): The Chinese developer of large-scale property projects said in an e-mailed statement contracted sales from January to Oct. 7 rose 17 percent to 23.7 billion yuan ($3.75 billion) from a year earlier. The stock fell 3 percent to HK$7.01.
Cosco Corp. Singapore Ltd. (COS SP): The shipbuilding unit of China’s biggest shipping company said its Cosco Shipyard Group Co. unit won a contract, valued at $68 million, to build two dry bulk carriers for an Asian customer. Cosco Corp. slipped 4.4 percent to 97.5 Singapore cents.
Malaysian Marine & Heavy Engineering Holdings Bhd. (MMHE MK): The rig-building arm of MISC Bhd. signed a 1.4 billion- ringgit contract to install an offshore platform deck with bridges for ExxonMobil Exploration & Production Malaysia Inc. Malaysia Marine fell 0.5 percent to 5.97 ringgit.
Sany Heavy Equipment International Holdings Co. (631 HK): The maker of coal mining equipment said it plans to purchase equipment from Shanghai Sany Jingji Co. for 104 million yuan. Sany Heavy gained 1.7 percent to HK$6.61.
Sembcorp Marine Ltd. (SMM) : The world’s biggest builder of oil rigs said third-quarter profit fell 25 percent from a year earlier to S$222.5 million ($174.69 million). The stock was unchanged at S$4.10.
Sonata Software Ltd. (SSOF) : An Indian software maker said profit for the quarter ended Sept. 30 plunged 64 percent to 90.8 million rupees from a year earlier. The stock gained 0.7 percent to 28.75 rupees.
Singapore Airlines Ltd. (SIA) : The world’s second- biggest carrier by market value said second-quarter net income fell 49 percent from a year earlier to S$194 million. That beat the S$177 million median of three analysts’ estimates compiled by Bloomberg. The shares fell 1.7 percent to S$11.29.
Sun TV Network Ltd. (SUNTV) : The Indian broadcaster and distributor said profit for the quarter ended Sept. 30 rose 7.8 percent to 1.8 billion rupees from a year earlier, missing the 1.89-billion rupees median estimate of 17 analyst surveyed by Bloomberg. The stock jumped 5.7 percent to 273.8 rupees.
Tata Teleservices Maharashtra Ltd. (TTLS) : The cell- phone business unit of India’s Tata group reported loss widened to 1.3 billion rupees in the second quarter from 979 million a year earlier. The shares fell 0.3 percent to 17.55 rupees.
Yeo Hiap Seng (Malaysia) Bhd. (YHSM MK): The Malaysian beverage maker’s third-quarter profit doubled from a year earlier to 8.27 million ringgit, according to a company statement. The stock fell 2.3 percent to 1.71 ringgit.
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