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AU Optronics, Esprit, Hyundai Motor, Nissan: Asia Stocks Preview

The following companies may have unusual price changes in Japanese 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.

Asahi Glass Co. (5201) (5201 JT): The glass producer said it expects a 16 percent drop in net income to 80 billion yen ($1 billion) this fiscal year. The stock climbed 2.2 percent to 642 yen.

AU Optronics Corp. (2409) (2409 TT): Taiwan’s second-largest maker of liquid-crystal displays posted a fourth quarter net loss of NT$21 billion ($712 million), compared with a NT$11.3 billion net loss a year earlier, the Hsinchu-based company said in a statement. The average of 15 analyst estimates compiled by Bloomberg was for a loss of NT$14.1 billion. The stock advanced 0.6 percent to NT$16.90.

Brightoil Petroleum Holdings Ltd. (933) (933 HK): The marine bunkering services provider said it expects net profit for the six months ended Dec. 31 to increase from a year earlier on higher revenue and sales volume. The stock gained 6.6 percent to HK$1.93.

Credit Saison Co. (8253) (8253 JT): The consumer lender said net income rose 13 percent to 21.4 billion yen in the nine months ended Dec. 31, buoyed by lower costs of bad loans, advertizing and personnel. The stock added 0.6 percent 1,576 yen.

Daikin Industries Ltd. (6367) (6367 JT): The maker of air- conditioning equipment said net income jumped to 31.3 billion yen in the nine months ended Dec. 31 from 11.8 billion yen a year earlier, with higher sales. Daikin cut its full-year profit forecast 22 percent to 36 billion yen. The stock advanced 1.2 percent to 2,217 yen.

Disco Corp. (6146) (6146 JT): The maker of chip-manufacturing equipment lowered its full-year operating-profit forecast 8.9 percent to 9.2 billion yen, citing slumping capital investment by customers. The stock slid 1.3 percent to 4,085 yen.

Dowa Holdings Co. (5714) (5714 JT): The metal smelter said net income fell by about a third to 6.49 billion yen in the nine months ended Dec. 31. The stock rose 0.2 percent to 514 yen.

Edion Corp. (2730) (2730 JT): The electronics retailer cut its full-year net income forecast 25 percent to 9 billion yen, as falling prices of digital home appliances pushed sales down more than expected. The stock climbed 1 percent to 607 yen.

Esprit Holdings Ltd. (330) (330 HK): Marathon Asset Management LLP bought 5 million Esprit shares on Feb. 7 at an average price of HK$13.619 a share, according to a filing to the Hong Kong stock exchange. The stock rose 0.3 percent to HK$13.70.

Hyundai Motor Co. (005380) (005380 KS): South Korea’s largest automaker is unveiling two additional versions of its Elantra compact to grab a bigger share of the U.S. small-car market from competitors including Honda Motor Co. Hyundai Motor added 1.1 percent to 221,500 won.

Itoham Foods Inc. (2284) (2284 JT): The producer of processed meat products cut its full-year net-income forecast 53 percent to 1.9 billion yen, citing falling chicken prices and slumping gift sales. The stock slid 0.3 percent to 306 yen.

Mitsubishi Materials Corp. (5711) (5711 JT): Japan’s third-largest copper producer said net income rose 27 percent to 26.5 billion yen in the nine months ended Dec. 31, while operating profit fell 3 percent to 43.7 billion yen for the period. The stock climbed 2.1 percent to 244 yen.

Nissan Motor Co. (7201 JT): Japan’s second-biggest carmaker by revenue reported third-quarter profit that beat analysts’ estimates on record sales in China. Net income was 82.7 billion yen in the three months ended Dec. 31, the company said in a statement. That compares with the 71.3 billion yen average forecast of seven analysts compiled by Bloomberg.

Raffles Education Corp. (RLS) : The provider of training programs and courses said net profit for the first half ended Dec. 31 increased to S$21.2 million ($17.1 million) from a restated S$6.32 million a year earlier. The stock gained 14 percent to 52.5 Singapore cents.

Shimano Inc. (7309) (7309 JO): The maker of bicycle parts and fishing gear said it expects a 21 percent rise in net income to 24 billion yen this fiscal year. Shimano also said it will retire 1.15 percent of its outstanding shares on Feb. 13. The stock increased 1 percent to 3,945 yen.

Tech Mahindra Ltd. (TECHM) : The Indian software maker reported third-quarter profit of 2.76 billion rupees, according to an exchange filing. That exceeded a median of analysts’ estimate of 2.14 billion rupees. Shares rose 1 percent to 650.3 rupees.

Taiyo Nippon Sanso Corp. (4091) (4091 JT): The industrial-gas producer cut its full-year operating profit forecast 14 percent to 30 billion yen with falling sales. The company raised its net income projection 10 percent to 19.5 billion yen for the period, citing a gain from sale of the safe delivery source operations. The stock gained 3.2 percent to 542 yen.

Tohoku Electric Power Co. (9506 JT): The utility has resumed commercial operations at its Sendai No. 4 thermal unit, compared with a previous plan to begin in March. The stock slipped 0.7 percent to 745 yen.

Toho Zinc Co. (5707) (5707 JT): The non-ferrous metal smelter swung to a nine-month loss of 463 million yen from net income of 8.09 billion yen a year earlier, dragged down by foreign exchange-related losses. The stock added 1 percent to 317 yen.

United Microelectronics Corp. (2303 TT): The world’s second-largest contract maker of chips’ fourth-quarter net income dropped to NT$1.18 billion in the three months ended Dec. 31 from NT$6.4 billion a year earlier, the Hsinchu, Taiwan-based company said in a statement. The average of 15 analysts’ estimates compiled by Bloomberg was for profit of NT$850 million. The stock increased 0.3 percent to NT$15.40.

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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