DLF, Cathay Pacific, Rio, SK Holdings: Asia Stocks Preview

The following companies may have unusual price changes in Asian trading on Dec. 5. Stock symbols are in parentheses, and share prices (MXAP) are as of the latest close. The information in each item was released after markets shut unless stated otherwise.

CapitaCommercial Trust (CCT) , an office landlord partly owned by CapitaLand Ltd. (CAPL SP), plans to raise S$200 million ($156 million), selling four-year bonds with a coupon rate of 3.25 percent, according to a person with direct knowledge of the matter, who declined to be identified because details are private. The stock gained 0.5 percent to S$1.09.

Cathay Pacific Airways Ltd. (293) (293 HK CN Company News): Asia’s largest international carrier said it plans to raise Hong Kong-based staff’s salaries by about 5 percent in 2012. The stock declined 1.6 percent to HK$13.56.

China Petroleum & Chemical Corp. (386) (386 HK HCPI Historical Percentage Moves): The oil refiner known as Sinopec said it signed a memorandum of understanding with South Korea’s SK Holdings Co. (003600) (003600 KS) to invest in an ethylene project in Wuhan. Sinopec rose 0.5 percent to HK$8.22, while SK Holdings gained 0.3 percent to 147,500 won.

China Telecom Corp. (728) (728 HK): China’s fixed-line provider said it found that interconnection with other backbone network operators doesn’t fully meet the quality requirements of the government. The stock slid 1.5 percent to HK$4.62.

Cookpad Inc. (2193 JT): Four shareholders plan to sell 1,231,000 shares of the company in overseas markets, according to a filing with the finance ministry. Separately, the operator of cooking websites said the Tokyo Stock Exchange will allow its shares to be moved to the exchange’s first or second section from the Mothers section as of Dec. 15. The stock added 1.5 percent to 1,794 yen.

DLF Ltd. (DLFU) : The nation’s biggest realty developer said company will selectively sell non-core business at right valuation, Chairman K.P. Singh told Bloomberg-UTV. The shares advanced 2.3 percent to 223.45 rupees.

Jaccs Co. (8584 JT): The consumer-credit company was ordered by the Trade Ministry to improve business practices, Jaccs said in a statement. The stock lost 0.4 percent to 233 yen.

MMTC Ltd. (MMTC) : India’s biggest state trading company has invited bids to import as much as 40,000 metric tons of refined, bleached and deodorized palm oil. The shares added 0.4 percent to 558.9 rupees.

NTPC Ltd. (NTPC IN): The country’s biggest electricity generator will be given three of five coal blocks that were canceled after mining delays, two people familiar with the matter said. The shares gained 3.8 percent to 3.8 percent to 172.85 rupees.

Rio Tinto Group (RIO) : The world’s third-largest mining company by market value is likely to seek an initial public offering for its aluminum assets, Credit Suisse Group AG said. The company said on Oct. 17 it plans to sell 13 assets, including smelters and alumina plants from Australia to the U.S., to improve the group’s financial performance. Rio Tinto gained 0.6 percent to A$66.32.

Sanjo Machine Works Ltd. (6437 JT): The machinery maker will be acquired in a management buyout for 468 yen per share, according to a statement. Sanjo Machine slid 2 percent to 199 yen.

Square Enix Holdings Co. (9684 JT), DeNA Co. (2432 JT): Square Enix will release a social game based on its “Final Fantasy” franchise for DeNA’s Mobage service this month, according to an e-mailed statement from DeNA. Square Enix fell 0.4 percent to 1,562 yen. DeNA rose 8.1 percent to 2,519 yen.

Tata Steel Ltd. (TATA) : India’s biggest producer said it mothballed the Llanwern hot strip mill in Newport, U.K., with immediate effect, cutting 115 jobs. The mill will remain mothballed until the U.K. economy and steel demand justify a restart. The stock climbed 4.1 percent to 419.1 rupees.

Tokyo Steel (5423 JT): The company will shut a plant in Kagawa Prefecture, western Japan, by the end of March due to a falling demand among Japan’s construction firms. The firm plans to retain plant workers after the closure. The stock rose 0.8 percent to 671 yen.

Yanzhou Coal Mining Co. (1171) (1171 HK): The Chinese miner that bought Australia’s Felix Resources Ltd. in 2009 said its board agreed to issue up to 15 billion yuan ($2.36 billion) in bonds. The shares fell 3.3 percent to HK$18.38.

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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