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AIA, Hopewell, Sinopec, Sun Hung Kai: Hong Kong Stocks Preview

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Feb. 25 (Bloomberg) -- The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.

The Hang Seng Index fell 1.3 percent to 22,601.04. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, dropped 1.6 percent to 12,059.75.

AIA Group Ltd. (1299 HK): The third-largest Asian insurer by market value said full-year profit rose 54 percent to $2.7 billion on increased policy sales and investments. That beat the average estimate of $2.02 billion by nine analysts surveyed by Bloomberg News. The stock declined 1.2 percent to HK$21.10.

China Petroleum & Chemical Corp. (386 HK): Asia’s biggest oil refiner, also known as Sinopec, may bid for exploration blocks in Brazil, said Ding Jingjun, general manager in the South American country for Sinopec. The stock slipped 4.3 percent to HK$7.66.

Hopewell Holdings Ltd. (54 HK): The real-estate company said net income for the six months ended Dec. 31 was HK$1.73 billion ($222 million), compared with HK$2.52 billion a year earlier. The stock gained 1.7 percent to HK$24.30.

New Media Group Holdings Ltd. (708 HK): The publisher of Chinese-language magazines said net income for the six months ended Dec. 31 was HK$32 million, compared with HK$27.2 million a year earlier. The stock was unchanged at 88 Hong Kong cents.

Sun Hung Kai Properties Ltd. (16 HK), Guoco Group Ltd. (53 HK): The companies are potential investors in a 20 billion yuan ($3 billion) fund to develop Shanghai’s waterfront Bund district, Reuters reported, citing an unidentified person. Sun Hung Kai increased 0.3 percent to HK$121.40. Guoco Group fell 1.8 percent to HK$95.80.

To contact the reporter on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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