ANA, Hyundai Securities, Singapore Land: Asian Stocks Preview for Feb. 20
The following companies may have unusual price changes in Asian trading on Feb. 20. 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.
All Nippon Airways Co. (9202 JT): Asia’s largest listed carrier by sales said it plans to slash costs by 100 billion yen ($1.3 billion) as it gears up for rising competition. The carrier also plans to boost international capacity by 22 percent in the two years from April 1, according to a statement. The stock advanced 2 percent to 251 yen.
China Financial Services Holdings Ltd. (605) (605 HK): The supermarket store operator said it expects net profit for the year ended Dec. 31 to “increase significantly” on higher sales. The stock was unchanged at 46 Hong Kong cents.
Dentsu Inc. (4324) (4324 JT): Japan’s biggest advertising company said it will terminate an alliance with Publicis Groupe SA, selling the French company’s shares for 644.4 million euros ($847 million). Dentsu gained 1.5 percent to 2,438 yen.
Hokkaido Electric Power Co. (9509 JT): The utility halted a unit at a power plant to repair a seawater leak, according to the company’s website. The stock rose 0.6 percent to 1,240 yen.
Hotung Investment Holdings Ltd. (HIH) : The Taiwan-based investment holding company said net profit for the year ended Dec. 31 was NT$277.9 million ($9.4 million), compared with NT$522.6 million a year earlier. The stock was unchanged at 14.5 Singapore cents.
Hyundai Securities Co. (003450) (003450 KS): The South Korean brokerage halted its review of whether to acquire an Indonesian brokerage because of global financial market conditions, according to a regulatory filing. The shares added 2.2 percent to 11,500 won.
Katakura Industries Co. (3001) (3001 JT): The manufacturer of underwear, stockings and pharmaceuticals said it expects a 49 percent fall in net income to 900 million yen this year. The company’s shares rose 1.4 percent to 746 yen.
Morinaga Milk Industry Co. (2264 JT): The dairy company will cease production at factory in Hokkaido in April 2013, according to a statement. The stock added 0.7 percent to 297 yen.
Natural Beauty Bio-Technology Ltd. (157) (157 HK): The aroma products provider said it expects a “significant increase” in its net profit for the year ended Dec. 31 on rising sales in China. Natural Beauty was unchanged at HK$1.24.
Okabe Co. (5959) (5959 JT): The maker of structural metal materials said net income fell 1.5 percent to 2.18 billion yen in the year ended Dec. 31, 13 percent short of its forecast of a 2.49 billion yen gain. Okabe said net income will rise 17 percent to 2.54 billion yen this year as sales rise. The stock climbed 0.7 percent to 417 yen.
Otsuka Kagu Ltd. (8186) (8186 JQ): The furniture retailer said it will buy back as much as 5 percent of its outstanding shares. It also expects net income to jump to 918 million yen this year from 203 million yen a year earlier. The stock rallied 5.1 percent to 805 yen.
Singapore Land Ltd. (SL) : The property developer said net profit for the year ended Dec. 31 fell 51 percent to S$330.7 million ($263 million) from a year earlier. The stock slid 0.3 percent to S$5.96.
U-Shin Ltd. (6985) (6985 JT): The autoparts maker may inspect and replace defective products it supplied, according to a statement. The stock jumped 5.7 percent to 626 yen.
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