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BoCom, China Eastern, Foxconn, ICBC: Hong Kong Stocks Preview

March 31 (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 rose 1.7 percent to 23,451.43. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, rose 1.9 percent to 13,162.

Bank of Communications Ltd. (3328 HK): China’s fifth-largest bank said full-year profit rose 30 percent last year to 39 billion yuan ($5.9 billion), compared with the 38 billion yuan average estimate of 17 analysts surveyed by Bloomberg. The stock increased 1.1 percent to HK$8.32.

BYD Co. (1211 HK): The Warren Buffett-backed carmaker in China said it will pay about 59 million yuan to buy back land and buildings in Shaanxi province that had been confiscated by the government. The stock fell 0.2 percent to HK$29.55.

China Eastern Airlines Corp. (670 HK): The nation’s second-largest carrier said profit surged about 29-fold last year to 4.96 billion yuan from a year earlier. That compares with the 5.4 billion yuan average of 17 analyst estimates compiled by Bloomberg. The stock advanced 3.1 percent to HK$3.01.

China Merchants Holdings (International) Co. (144 HK): The investor in ports moving about a third of China’s containers expects capital expenditure of about HK$2 billion ($257 million) this year, said Deputy General Manager Cynthia Wong. The stock increased 2.3 percent to HK$33.

China Railway Construction Corp. (1186 HK): The builder of more than half the nation’s railroads said net income was 4.2 billion yuan last year, compared with 6.6 billion yuan in 2009. That compares with the 5.18 billion yuan average estimate of 10 analysts compiled by Bloomberg. The stock increased 2 percent to HK$8.36.

Dongfang Electric Corp. (1072 HK): China’s third-largest power equipment maker said full-year net income rose to 2.6 billion yuan from a restated 1.68 billion yuan in 2009. The stock advanced 0.6 percent to HK$26.95.

Fosun International Holdings Ltd. (656 HK): The company controlled by billionaire Guo Guangchang plans to invest in Japanese companies which will be seeking funds for rebuilding after the nation this month suffered its worst earthquake, according to Chief Executive Officer Liang Xinjun. The stock gained 1.2 percent to HK$5.86.

Foxconn International Holdings Ltd. (2038 HK): The world’s biggest contract maker of mobile phones said it swung to a full-year net loss to $218.3 million from net income of $38.6 million a year earlier. The average estimate of seven analysts surveyed by Bloomberg was for a net loss of $202 million. The stock increased 1.5 percent to HK$4.89.

Industrial & Commercial Bank of China Ltd. (1398 HK): The world’s largest lender by market value said net income climbed rose 28 percent last year to 165 billion yuan, compared with 164 billion yuan average estimate by 19 analysts surveyed by Bloomberg. The company also said credit may expand at the slowest pace in three years. The stock gained 1.3 percent to HK$6.38.

Shangri-La Asia Ltd. (69 HK): The luxury hotel company said full-year profit for 2010 rose to $287 million from $256 million from a year earlier. The average estimate of four analysts compiled by Bloomberg was $202 million. The stock fell 0.5 percent to HK$20.15.

Tsingtao Brewery Co. (168 HK): China’s second-biggest brewery by volume reported 2010 net income of 1.52 billion yuan, an increase of 22 percent from a year ago. The shares slid 0.5 percent to HK$38.25.

Zijin Mining Group Co. (2899 HK): China’s biggest gold producer by market value said second-half profit rose 31 percent to 2.1 billion yuan from a year earlier. The result was derived by deducting the six-month figure from full-year profit released by the company, based on international accounting standards. The stock increased 1.8 percent to HK$6.19.

To contact the reporter on this story: Kana Nishizawa in Tokyo at

To contact the editor responsible for this story: Nick Gentle at

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