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.
Hong Kong retailers: The value of the city’s retail sales in April jumped 11 percent from a year earlier, the government said on its website. That’s less than the median economist estimate for growth of 16 percent, according to a Bloomberg survey. Emperor Watch & Jewellery Ltd. (887) (887 HK), which gets about 83 percent of revenue from the city, was unchanged at 91 Hong Kong cents. Sa Sa International Holdings Ltd. (178) (178 HK), a cosmetics retailer, slid 0.9 percent to HK$4.40.
Aozora Bank Ltd. (8304) (8304 JT): The company won’t announce a proposal for repaying public funds at its June shareholder meeting, according to a statement to the Tokyo Stock Exchange today. Aozora slumped 2.9 percent to 166 yen.
BEML Ltd. (BEML) : The Indian state-owned construction equipment maker reported a loss of 139.9 million rupees ($2.5 million) in the three months ended March compared with a profit of 702.5 million rupees in the same period a year earlier. The shares gained 0.4 percent to 430.4 rupees.
Hopson Development Holdings Ltd. (754) (754 HK): Standard & Poor’s Ratings Services said it cut the long-term credit rating on the property developer to B- from B amid expectations the company’s liquidity will remain weak for the next 12 months. The stock slid 3.2 percent to HK$4.19.
Japan Tobacco Inc. (2914) (2914 JT): The stock was rated a new outperform by Junichi Kanamori, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co. The 12-month target price is 520,000 yen per share. The shares were unchanged at 437,000 yen.
Sega Sammy Holdings Inc. (6460) (6460 JT): The video-game developer said it will repurchase up to 3.98 percent of its shares between June 7 and Sept. 28, according to a statement to the Tokyo Stock Exchange today. The stock gained 0.6 percent to 1,393 yen.
SK C&C Co. (034730) (034730 KS): The company plans to buy back 2 million shares to stabilize its stock price, according to a regulatory filing. The company, an information-systems unit of South Korea’s SK Group, climbed 3.8 percent to 93,800 won.
Tech Mahindra Ltd. (TECHM) : The Indian software company has signed a pact with ZTEsoft, a unit of telecom equipment manufacturer ZTE Corp. of China, for services to telecom operators. The stock fell 2.3 percent to 673.55 rupees.
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org