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Credit Saison, ICBC, Sodick, Tencent: 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 latest close. The information in each item was released after markets shut, unless stated otherwise.

Asatsu-DK Inc. (9747) (9747 JT): Japan’s third-biggest advertising agency by revenue said it returned to profitability with net income of 1.32 billion yen ($17 million) in the nine months ended Sept. 30, citing cost cuts. The company saw a loss of 2.02 billion yen a year earlier. The stock gained 3.4 percent to 1,958 yen.

Canon Marketing Japan Inc. (8060) (8060 JT), Showa Information Systems Co. (6922 JQ): Canon Marketing will acquire printer- maker Showa Information for as much as 2.4 billion yen, or 200 yen a share, according to a statement. Canon rose 1.6 percent to 902 yen, while Showa added 1 percent to 106 yen.

China Overseas Land & Investment Ltd. (688) (688 HK): The developer controlled by the nation’s construction ministry said property sales in October rose 2.4 percent to HK$6.76 billion from the previous month. The stock gained 3 percent to HK$13.96.

Credit Saison Co. (8253 JT): The consumer lender boosted its full-year net income outlook 47 percent to 25 billion yen, citing lower expenses on bad loans and administrative costs. The stock increased 1.3 percent to 1,516 yen.

Dentsu Inc. (4324) (4324 JT): Japan’s largest advertising company lowered its full-year net-income forecast 15 percent to 27.3 billion yen. The stock rose 1.3 percent to 2,318 yen.

HSBC Holdings Plc (5) (5 HK): Europe’s largest bank by market value said pretax profit at its investment bank fell 53 percent to about $1 billion in the third quarter from a year-earlier. The stock gained 1.4 percent to HK$67.90.

Hongkong Land Holdings Ltd. (HKL) : One of the biggest office landlords in the Chinese city said vacancies for its office buildings in the city was 2.2 percent at the end of October, compared with 2.5 percent in June. Its retail malls had full occupancy, the company said. The shares fell 1.8 percent to $4.91.

Industrial & Commercial Bank of China Ltd. (1398 HK): Goldman Sachs Group Inc. is raising as much as $1.54 billion by selling shares in China’s biggest lender by market value, according to terms for the transaction obtained by Bloomberg News. Goldman Sachs is offering 2.4 billion shares in ICBC at HK$4.88 to HK$5 each, the terms show. ICBC gained 3.6 percent to HK$5.19.

Keikyu Corp. (9006) (9006 JT): The rail and bus operator doubled its full-year net income forecast to 4 billion yen. The stock advanced 1.4 percent to 713 yen.

Kintetsu Corp. (9041) (9041 JT): The railway company swung to a loss of 1.43 billion yen in the six months ended Sept. 30 from a 6.39 billion yen profit a year earlier. The company raised its full-year net-income outlook to 8.5 billion yen from 7.5 billion yen. The stock gained 2.2 percent to 278 yen.

Mandarin Oriental International Ltd. (MAND) : The operator of luxury hotels from Tokyo to San Francisco said its earnings have been affected by losses in Tokyo, where occupancy levels haven’t reached those achieved prior to the March earthquake. Mandarin was unchanged at $1.57.

Mitsui Mining & Smelting Co. (5706 JT): The metals producer slashed its full-year net-income forecast 26 percent to 13 billion yen. The stock climbed 2.6 percent to 199 yen.

Misumi Group Inc. (9962) (9962 JT): The mail-order distributor of precision-machine parts will buy back up to 1.01 percent of its outstanding shares. The company raised its full-year dividend to 22.5 yen per share from 22 yen, according to a release. The stock advanced 1.4 percent to 1,658 yen.

Nippon Telegraph & Telephone Corp. (9432) (9432 JT): Japan’s largest fixed-line phone carrier plans to retire 8.66 percent of its outstanding stock on Nov. 15. NTT will also spend as much as 220 billion yen to buy back up to 3.48 percent of its total shares, according to a statement. The company also said first- half net income fell 6 percent to 296.4 billion yen. The stock rose 1.5 percent to 4,030 yen.

Noble Group Ltd. (NOBL) : The Hong Kong-based commodities supplier said it has a third-quarter net loss of $17.5 million, compared with a profit of $157.2 million a year earlier. The stock added 0.3 percent to S$1.605.

Pioneer Corp. (6773) (6773 JT): The maker of car-navigation systems and audio equipment withdrew its full-year earnings forecast after floods in Thailand disrupted output, according to a statement. The stock increased 0.3 percent to 300 yen.

Rakuten Inc. (4755) (4755 JQ): The online shopping site operator swung to a 18.6 billion-yen loss in the nine months ended Sept. 30, citing a charge for restructuring its credit-card operations. Rakuten had a 26.5 billion yen profit a year earlier. Operating profit in the period rose 9 percent to 48.2 billion yen, the company said in a release. The stock slumped 3.1 percent to 87,200 yen.

Rohm Co. (6963 JO): The electronic parts maker forecast a full-year loss of 18 billion yen, citing the impact of floods in Thailand and an “unexpectedly strong yen.” Rohm had projected a profit of 21 billion yen, according to a statement. The stock gained 0.9 percent to 4,000 yen.

SMC Corp. (6273 JT): The maker of directional-control devices cut its full-year net-income forecast 15 percent to 53 billion yen, citing possible decline in demand for pneumatic equipment and the yen’s appreciation. The stock slipped 0.6 percent to 12,110 yen.

Sodick Co. (6143 JT), Sodick Plustech Co. (6401 JQ): Sodick Co., a maker of electric machinery, will buy out unit Sodick Plustech for as much as 2.38 billion yen, or 210 yen a share. Sodick already owns 64.37 percent of Sodick Plustech, according to a statement. Sodick Co. gained 2.9 percent to 422 yen, while its unit was unchanged at 133 yen.

Taiyo Yuden Co. (6976 JT): The maker of electronic components said it expects a loss of 16 billion yen this fiscal year, citing slumping demand and foreign-exchange losses. The company had forecast a profit of 300 million yen. The stock climbed 2.8 percent to 548 yen.

Tencent Holdings Ltd. (700) (700 HK): China’s biggest Internet company by sales said third-quarter profit rose 14 percent to 2.45 billion yuan from a year earlier. That compares with the average 2.59 billion yuan of eight estimates compiled by Bloomberg. The stock gained 1 percent to HK $166.50.

Trend Micro Inc. (4704) (4704 JT): The maker of security software said it expects a 33 percent gain in net income to 16.9 billion yen in the fiscal year ending Dec. 31. The stock added 0.6 percent to 2,697 yen.

Yamada Denki Co. (9831 JT): The electronics retailer said first-half net income soared 45 percent to 40.9 billion yen, 24 percent more than the company’s estimate of 33.1 billion yen. The stock advanced 0.7 percent to 5,810 yen.

To contact the reporter on this story: 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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