Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Ayala, Hainan Air, Proton, Rio: Asia Ex-Japan Equity Preview

May 27 (Bloomberg) -- The following companies may have unusual price changes in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.

Ayala Corp. (AC PM): The owner of the largest Philippine developer and biggest bank by market value doubled the amount for its share buyback program to 5 billion pesos ($107 million), a stock exchange filing showed. The company has so far bought back 7.5 million of its own shares for 2.49 billion pesos, it said. The stock was unchanged at 320 pesos.

Graincorp Ltd. (GNC AU): Eastern Australia’s largest grain handler reported a first-half net profit of A$52.7 million ($42.3 million, a stock-exchange filing showed. The stock fell 0.2 percent to A$5.42

Hainan Airlines Co. (900945 CH): The carrier’s parent company said it signed an agreement with Beijing’s government to build an international “aviation city” in the eastern part of the Chinese capital, housing headquarters of airlines and other related industries. Hainan Airlines will invest 30 billion yuan ($4.39 billion) in the project, Netease reported on its website. The stock fell 0.2 percent to 0.66 yuan.

Korea Gas Corp. (036460 KS): The South Korean government is considering raising gas prices in July, said Kim Jung Gwan, deputy minister for energy at the Knowledge Economy Ministry. Korea Gas, the world’s biggest buyer of liquefied natural gas, decreased 0.6 percent to 40,300 won.

Proton Holdings Bhd. (PROH MK): The Malaysian state-controlled carmaker said it had a profit of 22.8 million ringgit ($6.9 million) in the fiscal fourth quarter compared with a loss of 323 million ringgit a year earlier. Sales climbed to 2.26 billion ringgit from 1.4 billion ringgit, the company said in a statement. Proton was unchanged at 4.44 ringgit.

Rio Tinto Group (RIO AU): Jan du Plessis, chairman at the world’s third-largest mining company, said global economic conditions remain “volatile” and expects instability on European financial markets to persist until the debt crisis in Greece is resolved. The stock increased 3.7 percent to A$63.95.

Rusina Mining NL (RML AU): European Nickel Plc, which is merging with Rusina, signed an agreement with Societe Generale and UniCredit Bank AG to arrange a $300 million loan and $25 million over-run facility to fund the Caldag nickel laterite project in Turkey, a filing with Australia’s stock exchange showed. Rusina was unchanged at 7 Australian cents.

San Miguel Corp. (SMC PM): The largest Philippine food and drinks company plans to build and operate a 300-megawatt coal-fired power plant in the southern island of Mindanao, a stock-exchange filing showed.

San Miguel Class A shares, which only Filipinos can hold, fell 0.7 percent to 70 pesos. San Miguel Class B shares (SMCB PM), which have no ownership restrictions, decreased 0.7 percent to 71.50 pesos.

SHL Consolidated Bhd. (SHLC MK): The Malaysian property developer said fourth-quarter net income more than doubled to 7.72 million ringgit from 2.9 million ringgit a year earlier, on higher sales. SHL fell 14 percent to 1.03 ringgit on May 25.

To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.