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AgriNurture, China Steel, Formosa: Asia Ex-Japan Equity Preview

Aug. 24 (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.

AgriNurture Inc. (ANI PM): The Philippine fruit and vegetable grower plans to expand The Big Chill Inc., a Manila-based fruit shakes and juice venture it’s acquiring, into overseas markets including the U.S., a stock-exchange filing showed. The stock decreased 2.8 percent to 8.60 pesos.

China Steel Corp. (2002 TT): Taiwan’s biggest steel maker reported first-half net income of NT$15.3 billion, the company said in a statement to the Taiwan stock exchange. That compared with NT$23.8 billion a year earlier, according to a previous filing. China Steel rose 1.4 percent to NT$29.70.

China Telecom Corp. (728 HK): The country’s biggest fixed-line carrier said its mobile-phone unit turned a profit in the first half, six months earlier than expected. Chairman Wang Xiaochu, speaking at a briefing in Hong Kong, said the unit had been expected to become profitable by the end of the year. He declined to give the profit figure. The stock gained 4.8 percent to HK$4.60.

China Longyuan Power Group Corp. (916 HK): The company posted net income of 1.4 billion yuan for the first half of the year, according to a statement to the Hong Kong stock exchange today. That compares with net income of 848 million yuan a year earlier. The stock jumped 5.5 percent to HK$6.

China International Marine Containers (Group) Co. (200039 CH): First-half net income rose 208 percent from a year earlier to 2.8 billion yuan, according to the company’s statement to the Shenzhen Stock Exchange. The stock rose 2.9 percent to 10.49 yuan.

Formosa Petrochemical Corp. (6505 TT): The company reported first-half net income of NT$27.2 billion. That was higher than NT$21.2 billion reported a year earlier. Formosa climbed 5.9 percent to NT$84.70.

Hong Kong and China Gas Co. (3 HK): The fuel supplier posted net income of HK$3.2 billion for the first half of the year. That compares with net income of HK$3 billion from a year earlier. The shares fell 0.2 percent to HK$17.92.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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