Isuzu Motors, Samsung Electronics, Sony: Asian Stocks 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.
Cipla Ltd. (CIPLA) : The Indian drugmaker said the U.S. federal court of appeals has affirmed an order of a district court against the company, according to an exchange filing. The litigation relates to an animal healthcare-product and Cipla is examining options for an appeal, the company said. Shares slid 0.4 percent to 308 rupees.
Glencore International Plc (GLEN) (805 HK): The Swiss commodity trader said it received approval from Australia’s competition regulator on its bid to buy grains trader Viterra Inc. Glencore gained 3.4 percent to HK$42.10.
Glorious Property Holdings Ltd. (845) (845 HK): The builder of town-houses and apartments was rated B with a negative outlook by Standard & Poor’s Ratings Services on “less-than-adequate” liquidity and “a weak capital structure due to aggressive debt- funded growth.” The stock fell 1.9 percent to HK$1.02.
Samsung Electronics Co. (005930) (005930 KS): The company, Asia’s biggest maker of chips and flat screens, plans to spend 2.25 trillion won ($1.9 billion) to build a system chip production line, according to a regulatory filing. The stock rallied 5.2 percent to 1.265 million won.
Sony Corp. (6758) (6758 JT): The company’s Indian unit is aiming to sell 650,000 Vaio laptops in the nation in its 2013 business year, up from 500,000 the previous year. The stock climbed 2 percent to 1,072 yen.
TCL Multimedia Technology Holdings Ltd. (1070) (1070 HK): The television maker raised its 2012 liquid-crystal display television sales target to 15.2 million sets from 13.8 million sets. Sales volume for May surged 80 percent from a year earlier, it said. The stock increased 3.6 percent to HK$4.56.
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org
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