March 18 (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 sank 1.8 percent to 22,284.43. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, fell 1.5 percent to 12,457.68.
Alibaba.com Ltd. (1688 HK): The Chinese e-commerce company seeking to recover from a fraud scandal, said fourth-quarter net income rose 46 percent to 411.4 million yuan ($63 million) from a year earlier as customers spent more to promote their products. That compares with the 400 million yuan average of five analyst estimates compiled by Bloomberg. The stock slid 4.2 percent to HK$13.80.
China Shipping Development Co. (1138 HK): The unit of China’s second-biggest sea-cargo group had its rating raised to “neutral” from “underperform” at Credit Suisse Group AG. The stock dropped 3.5 percent to HK$8.27.
Henderson Land Development Co. (12 HK): The homebuilder controlled by billionaire Lee Shau-kee said full-year underlying profit, which excludes property revaluation changes, climbed to HK$5.04 billion ($646 million) from HK$4.63 billion. That compares with the average HK$4.56 billion average of 13 estimates compiled by Bloomberg. The shares fell 1.4 percent to HK$45.60.
PetroChina Co. (857 HK): China’s biggest energy producer said full-year net income increased 35 percent to 140 billion yuan from the previous year as fuel demand increased in the world’s fastest-growing major economy. That compares with a mean estimate of 135.7 billion yuan in a Bloomberg survey of 17 analysts. The stock lost 0.8 percent to HK$10.46.
SCMP Group Ltd. (583 HK): The publisher of Hong Kong’s South China Morning Post said full-year net income increased to HK$294.4 million from HK$138.2 million. SCMP gained 0.6 percent to HK$1.57.
Tencent Holdings Ltd. (700 HK): China’s biggest Internet company had its rating cut to “hold” from “buy” at ICBC International Securities. The stock slumped 11 percent to HK$193.20.
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