May 25 (Bloomberg) -- 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.
Advanced Semiconductor Engineering Inc. (2311 TT): The Taiwanese chip packaging and testing company bought NT$1.1 billion ($38 million) of equipment from Kulicke and Soffa Global Holding Corp., a stock-exchange filing showed. The stock fell 0.6 percent to NT$33.
Affin Holdings Bhd. (AHB MK): The Malaysian banking group’s first-quarter net income dropped 22 percent from a year earlier to 106.1 million ringgit ($35 million), according to a company statement. The stock was unchanged at 3.50 ringgit.
China Unicom (Hong Kong) Ltd. (762 HK): The nation’s second-largest mobile-phone company is “confident” it will meet a target of adding 25 million subscribers to its so-called third-generation network this year, President Lu Yimin told reporters. The stock fell 1.5 percent to HK$16.02.
Dayang Enterprise Holdings Bhd. (DEHB MK): The Malaysian oil and gas services provider’s first-quarter profit rose 28 percent from a year earlier to 16.6 million ringgit as sales surged, according to a company statement. Dayang was unchanged at 2 ringgit.
Elders Ltd. (ELD AU): The Australian supplier of rural services was downgraded to “underperform” from “speculative buy” with a 12-month price target at A$0.40 a share by John Welsh, an analyst at BBY Limited. The stock gained 2.2 percent to 46 Australian cents.
Hyundai Motor Co. (005380 KS), Kia Motors Corp. (000270 KS): Hyundai and affiliate Kia’s long-term foreign currency issuer default ratings were raised to ‘BBB’ from ‘BBB-’ by Fitch Ratings, citing the South Korean automakers’ market share has increased and sales growth is “robust.” Hyundai, the nation’s largest automaker, increased 1.1 percent to 230,500 won. Kia gained 1.9 percent to 70,400 won.
Korea Gas Corp. (036460 KS): The world’s biggest importer of liquefied natural gas posted a 15 percent gain in first-quarter profit to 417.2 billion won ($381 million) from a year earlier as colder weather increased demand for the fuel, a regulatory filing showed. That compares with the mean estimate of 408 billion won in a survey of 10 analysts compiled by Bloomberg. The stock fell 0.4 percent to 37,000 won.
MacroAsia Corp. (MAC PM): The Philippine provider of in-flight catering services bought back 100,000 shares at 3 pesos each in the open market, a stock-exchange filing showed. The stock was unchanged at 3 pesos.
Metro Pacific Investments Corp. (MPI PM): The stock’s 12-month share price estimate was cut 4.3 percent to 4.85 pesos with a “buy” rating by Philip Albert Felix, analyst at Philippine Equity Partners Inc., citing the impact on valuation should Metro Pacific give up its contract to manage the Subic-Clark-Tarlac Expressway. The stock decreased 1.8 percent to 3.36 pesos.
PetroChina Co. (857 HK): China’s largest oil company will start operating a 5-million-ton-a-year refinery in Ningxia in September, ICIS reported, citing a company official it didn’t name. PetroChina will shut the existing 1.5 million ton-a-year refining plant on June 1 to install the new facilities, ICIS said. The stock gained 1.3 percent to HK$10.32.
RHB Capital Bhd. (RHBC MK): The Malaysian banking group said first-quarter net income rose 9.3 percent from a year earlier to 382.1 million ringgit as net interest income increased, according to a company statement. The stock gained 1.2 percent to 9.24 ringgit.
To contact the reporter on this story: Ian C. Sayson in Manila at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org