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.
BOE Technology Group Co. (200725 CH): China’s biggest liquefied-crystal-display maker revised its net loss expectation to as much as 2.1 billion yuan ($318 million) from 1.4 billion yuan, according to a statement to the Shenzhen Stock Exchange. BOE rose 0.5 percent to 2.05 yuan.
China Unicom (Hong Kong) Ltd. (762 HK): The nation’s mobile-phone company expects full-year profit in 2010 fell more than 50 percent from a year earlier, according to a statement to the Hong Kong stock exchange. China Unicom rose 1.1 percent to HK$13.
EEI Corp. (EEI PM): The Philippine construction company’s 12-month share price estimate was raised to 4.75 pesos from 4.50 pesos with a “buy” rating by Katherine Tan, an analyst at ATR KimEng Securities Inc. The stock jumped 5 percent to 3.58 pesos.
Energy Developments Ltd. (ENE AU): The operator of power stations in Australia said it will take a charge of about A$34 million ($34 million) after tax against the value of a West Kimberley power project when it posts earnings for the half year to Dec. 31. Energy Developments rose 2 percent to A$3.06.
Guinness Anchor Bhd. (GUIN MK): Malaysia’s biggest brewer by market value said net income in the second quarter ended Dec. 31 rose 47 percent from a year earlier to 64.6 million ringgit ($21 million) as sales climbed. Guinness was unchanged at 9.63 ringgit.
Hanjin Shipping Co. (117930 KS): South Korea’s largest shipping line said it will focus on expanding services to emerging markets and cutting costs this year amid concerns that overcapacity persists in the container market. “We expect oversupply to be the biggest challenge,” the company said in a statement. Hanjin declined 1.7 percent to 38,000 won.
MTD Capital Bhd. (MTD MK): The Malaysian builder said two of its directors have offered to buy the toll-road assets and liabilities of its MTD Prime Sdn. and Metramac Corp. units for
3.53 billion ringgit. MTD Group Executive Chairman Nik Hussain Abdul Rahman and Chief Executive Officer Azmil Khalili Khalid made the offer, it said in a statement. MTD’s independent directors will deliberate on the offer. MTD last traded at 9.55 ringgit on Jan. 27. The shares were suspended Jan. 28.
Ssangyong Motor Co. (003620 KS): Mahindra & Mahindra Ltd. will complete the purchase of new shares and bonds of the South Korean carmaker by Feb. 9, according to an e-mailed statement. Ssangyong, which has been under court receivership since February 2009, won creditors’ approval for its planned sale of a controlling stake to Mahindra. The stock rose 3 percent to 10,350 won.
Yungjin Pharmaceutical Co. (003520 KS): Korea Exchange Inc. said Yungjin will be included in the Kospi 200 index, replacing Hankuk Electric Glass Co. The change will be effective on Jan. 31, the nation’s bourse operator said in an e-mailed statement. Yungjin, which manufactures pharmaceutical and medical drugs, slipped 0.1 percent to 815 won.