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AU, Bank of China, Komatsu, Nintendo, TSMC: Asian Stock 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.

Acer Inc. (2353) (2353 TT): Chairman J.T. Wang said Taiwan’s largest computer maker’s second-quarter revenue will improve from the first quarter. The stock lost 1.3 percent to NT$33.45.

Advantest Corp. (6857) (6857 JT): The world’s biggest maker of memory-chip testers swung to loss of 2.2 billion yen ($27 million) in the year ended March 31, citing costs to acquire Verigy Ltd. Advantest jumped 4 percent to 1,250 yen.

AU Optronics Corp. (2409) (2409 TT): Taiwan’s second-largest flat panel maker posted a first-quarter net loss of NT$13.8 billion ($470 million), the Hsinchu, Taiwan-based company said in a statement yesterday. The average of 16 analyst estimates compiled by Bloomberg was for a loss of NT$13.4 billion. The stock retreated 2.5 percent to NT$13.65.

Bank of China Ltd. (3988 HK): The country’s third-biggest lender by assets, said first-quarter profit rose to 36.8 billion yuan ($5.8 billion) from 33.4 billion yuan a year earlier. The stock gained 0.9 percent to HK$3.24.

Central Japan Railway Co. (9022) (9022 JT): Japan’s second-largest rail operator said it will retire 4.2 percent of its outstanding shares and conduct a 100-for-1 stock split. The company, also known as JR Central, said it expects a 30 percent rise in profit to 173 billion yen in the year started April 1. The stock gained 1.5 percent to 663,000 yen.

Charm Care Corp. (6062 JQ): The manager of nursing care facilities will start trading tomorrow on the Osaka Securities Exchange’s Jasdaq Standard market. The initial offering price is 950 yen per share.

East Japan Railway Co. (9020) (9020 JT): The nation’s largest rail operator forecast profit will rise 50 percent to 163 billion yen in the year through March 31. The stock climbed 1 percent to 5,010 yen.

GS Retail Co. (007070) (007070 KS): The company is reviewing the purchase of a stake in Woongjin Coway Co. (021240 KS), according to a regulatory filing. GS Retail, a South Korean operator of convenience stores, added 2.4 percent to 23,900 won, while Woongjin Coway, which makes water purifiers, dropped 1.2 percent to 36,850 won.

Hino Motors Ltd. (7205) (7205 JT): The truck maker forecast profit will jump 72 percent to 28 billion yen on growing sales in the year started April 1. The stock rose 1.4 percent to 575 yen.

Idea Cellular Ltd. (IDEA) : The Indian mobile-phone operator reported fourth-quarter net income of 2.39 billion rupees, missing the median estimate of 2.5 billion rupees in a Bloomberg News survey of 31 analysts. Shares jumped 4.1 percent to 83.35 rupees.

Japan Tobacco Inc. (2914) (2914 JT): Asia’s largest listed cigarette maker by market value forecast profit below analysts’ estimates. The company also said its board opposed a shareholder proposal on treasury share cancellation. The stock added 0.9 percent to 460,500 yen.

Komatsu Ltd. (6301) (6301 JT): The world’s second-largest maker of excavators posted a 25 percent decline in fourth-quarter profit after Chinese sales declined. Net income fell to 37.7 billion yen for the three months ended March 31 from 50.1 billion yen a year earlier, according to calculations based on full-year results reported by the Tokyo-based company. Komatsu slid 1.5 percent to 2,339 yen.

Nintendo Co. (7974 JO): The world’s largest maker of gaming consoles forecast profit this year that missed analysts’ estimates after posting its first annual loss in at least three decades. The stock rose 2.9 percent to 11,540 yen.

Ricoh Co. (7752) (7752 JT): The maker of office automation equipment expects to return to profit with 33 billion yen of net income in the year started April 1, citing a mild recovery in the U.S. and economic growth in emerging countries. The stock advanced 2.6 percent to 711 yen.

Sterlite Technologies Ltd. (SOTL) : The Indian maker of fiber-optic cables posted fourth-quarter profit that climbed 60 percent from a year earlier to 164.8 million rupees, falling short of the median estimate of 179 million rupees in a Bloomberg News survey of six analysts. Shares rallied 2.6 percent to 37.5 rupees.

Sharp Corp. (6753 JT), Toppan Printing Co. (7911 JT), Dai Nippon Printing Co. (7912 JT): The companies will delay an agreement to merge liquid-crystal display filter operations until May, according to a joint statement. Sharp increased 1.2 percent to 510 yen. Toppan slid 0.6 percent to 544 yen. Dai Nippon fell 0.4 percent to 715 yen.

Softbank Corp. (9984) (9984 JT): Japan’s third-largest mobile- phone carrier missed estimates with a forecast for a 3.7 percent gain in operating income, amid intensifying competition for smartphone subscriptions. The stock advanced 2 percent to 2,325 yen.

Taiwan Semiconductor Manufacturing Co. (2330) (2330 TT): The world’s largest contract manufacturer of chips reported first- quarter net income of NT$33.5 billion, surpassing the NT$29.9 billion average of 16 analysts’ estimates compiled by Bloomberg. The stock decreased 0.2 percent to NT$84.

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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