The following companies may have unusual price changes in trading on March 5. 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.
Hong Kong developers: The city’s home prices rose 0.82 percent for the week ended Feb. 26 from the previous period, Centaline Property Agency said.
Sun Hung Kai Properties Ltd. (16) (16 HK), the world’s biggest developer by market value, rose 1.3 percent to HK$119. Cheung Kong (Holdings) Ltd. (1) (1 HK), controlled by billionaire Li Ka- shing, advanced 0.1 percent to HK$111.50.
Asia Tele-Net & Technology Corp. (679) (679 HK): The electroplating equipment maker said it expects a loss for the year ended Dec. 31 from a year earlier on higher commodity prices. The stock fell 3.6 percent to 40.5 Hong Kong cents.
Fast Retailing Co. (9983) (9983 JT): Asian’s biggest apparel chain said same-store sales at its Uniqlo Japan stores rose 2.3 percent, the company said in a statement. The stock fell 0.7 percent to 16,850 yen.
Itochu Corp. (8001) (8001 JT): The trading firm plans to buy 25 percent of Teraoka Seisakusho Co. (4987 JT), becoming the adhesive-tape maker’s largest shareholder, according to a filing to the Finance Ministry. Itochu added 0.9 percent to 919 yen. Teraoka surged 13.5 percent to 396 yen.
Jardine Strategic Holdings Ltd. (JS) : The Jardine Matheson unit that owns drugstores, supermarkets and hotels in Asia said underlying full-year profit rose 12 percent to $3.94 billion. The stock added 0.8 percent to $30.52.
Nippon Steel Corp. (5401) (5401 JT), Sumitomo Metal Industries Ltd. (54-5) (5405 JT): Nippon Steel President Shoji Muneoka will be chairman after the merger with Sumitomo Metal Industries, with Sumitomo Metal President Hiroshi Tomono as president, the companies said in a statement. The merger is expected to be completed by October. Nippon Steel added 1.3 percent to 230 yen. Sumitomo Metal gained 1.2 percent to 166 yen.
Sanyo Housing Nagoya Co. (8904 JT): The home design company plans to raise as much as 1.05 billion yen ($13 million) in a public share sale, according to a filing with the Finance Ministry. The share rose 0.3 percent to 77,800 yen.
Singapore Airlines Ltd. (SIA) : The world’s second- biggest carrier by market value said it will raise oil surcharges by as much as $28 per ticket effective March 8 to cope with the rising price of jet fuel, which now account for 40 percent of group expenditures. Singapore Air gained 0.6 percent to S$11.06.
SpiceJet Ltd. (SJET) : India’s only listed budget carrier will raise 1 billion rupees ($20 million) selling new stock to Chairman Kalanithi Maran and the funds will be used for working capital and growth, Neil Mills, the New Delhi-based carrier’s chief executive officer, said by phone. The stock is being sold at above market price, he said. The 42.9 million new shares will boost Maran’s stake to 48.6 percent, according to a filing. SpiceJet’s stock slid 0.5 percent to 20.7 rupees.
Tokyu Corp. (9005) (9005 JT): The rail transportation company registered to sell as much as 120 billion yen of bonds, according to a filing with Japan’s Finance Ministry. The registration takes effect on March 10 and is valid for two years. A shelf registration allows for bond sales without obligating the company or country to borrow. The stock rose 3.8 percent to 408 yen.
Wakita & Co. (8125) (8125 JO): The manufacturing and trading firm plans to raise up to 3.3 billion yen in a public sale of treasury shares, according to a filing with the Finance Ministry. The stock lost 1.8 percent to 598 yen.
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