DMCI, Hanjin, Mandiri, ZTE: Asia Ex-Japan Equity Preview

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

Australia & New Zealand Banking Group Ltd. (ANZ AU): Australia’s third-largest bank by market value said lending profitability will be under pressure for at least 18 months as funding costs rise after the global financial crisis. Of the bank’s A$100 billion ($98 billion) of funding, about A$20 billion was borrowed at cheaper rates before the slowdown, and margins will narrow as that is replaced, ANZ Bank said in a submission to a Senate inquiry. The stock fell 1.5 percent to A$23.15.

Bank of Queensland Ltd. (BOQ AU): The bank increased its forecast for bad and doubtful debt expense to A$85 million to A$90 million for the first half of 2011. Bank of Queensland also narrowed its 2011 net profit after tax guidance to a range of A$210 million to A$230 million. The stock fell 3.3 percent to A$11.91.

Dart Energy Ltd. (DTE AU): The gas explorer spun off from Arrow Energy Ltd. said its takeover of Apollo Gas Ltd. (AZO AU) is “unconditional” and will commence with the purchase of Apollo’s remaining shares. Dart decreased 3 percent to A$1.145. Apollo fell 7.2 percent to A$0.84

Eton Properties Philippines Inc. (ETON PM): The builder owned by Philippine tobacco and airline tycoon Lucio Tan started selling units in a 34-storey residential tower in Makati, the nation’s main financial district. The stock decreased 1.9 percent to 3.63 pesos.

Hanjin Heavy Industries & Construction Co. (097230 KS): The South Korean received an order for $114.9 million to build a runway and other facilities at an airport in Oman. It will take about 22 months to complete the project, Hanjin Heavy said in a regulatory filing. The stock advanced 1.3 percent to 34,450 won.

Hyundai Engineering & Construction Co. (000720 KS): Hyundai Group is considering a sale of its Seoul headquarters to raise funds for a controlling stake in Hyundai Engineering, Maeil Business Newspaper reported on its website, citing an unidentified industry official. The stock fell 2.1 percent to 66,600 won.

IP Converge Data Center Inc. (CLOUD PM): The Philippine provider of manage data services and business solutions will start trading today after completing the sale of 45.47 million shares in an initial public offering at 4.20 pesos each. IPVG Corp. (IP PM), which owns IP Converge, decreased 2.6 percent to 1.53 pesos.

Neo Solar Power Corp. (3576 TT): Taiwan’s third-largest solar cell maker by market value plans NT$10 billion ($331 million) of capital expenditure next year, Chairman Quincy Lin said in a briefing in Taipei. The stock advanced 1 percent to NT$74.5.

PT Bank Mandiri (BMRI IJ): Indonesia’s biggest bank by assets plans to buy a general insurance company after its rights offer next year, President Director Zulkifli Zaini said. Mandiri also expects a lending growth of 20 percent to 22 percent next year, Zaini said. Mandiri fell 0.7 percent to 6,750 rupiah.

Semirara Mining Corp. (SCC PM): The largest Philippine coal producer has agreed to sell its stakes in DMCI Power Corp. and DMCI Mining Corp. for 327 million pesos, a stock exchange filing showed. The stock increased 2.4 percent to 183 pesos. DMCI Holdings Inc. (DMC PM), owner of Semirara and the buyer of the assets, gained 1 percent to 36.60 pesos.

Taiwan Semiconductor Manufacturing Co. (2330 TT): The world’s largest contract manufacturer of chips said it bought NT$859 million of equipment and facilities from Uangyih-Tech Industrial Co. The stock was unchanged at NT$68.

ZTE Corp. (763 HK): China’s second-biggest telecommunications equipment provider invested 10 million kuna ($1.7 million) in infrastructure improvement for Croatia’s alternative operator H1 Telekom d.d., Poslovni reported. ZTE gained 0.2 percent to HK$31.

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