Oct. 18 (Bloomberg) -- The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices are as of the last close. The information in each item was released after markets shut unless stated otherwise.
Cebu Air Inc. (CEB PM): The largest Philippine budget carrier said it flew almost 2.8 million passengers in the third quarter, keeping it on track with its 12 million target for the year. The stock declined 2.1 percent to 73.90 pesos.
China Life Insurance Co. (601628 CH): The nation’s biggest insurer by market value said premium income for the first nine months of the year was 264.2 billion yuan, according to a statement to the Hong Kong stock exchange. That compared with 256.9 billion yuan a year earlier. The stock lost 3.9 percent to 15.40 yuan in Shanghai. China Life’s Hong Kong-traded stock (2628 HK) sank 7 percent to HK$19.12.
China Merchants Bank Co. (600036 CH): The bank increased its sale of dollar bonds due October 2014 by $25 million to $275 million, according to a person familiar with the matter. The additional notes were priced to yield 3.8215 percent, said the person, who asked not to be identified because the details are private. The stock dropped 2.6 percent to 11.57 yuan.
China Pacific Insurance (Group) Co. (601601 CH): The insurer’s third-quarter net income rose 36 percent from a year earlier to 1.2 billion yuan, according to a statement to the Shanghai Stock Exchange. The stock retreated 2.8 percent to 19.31 yuan.
China Titans Energy Technology Group Co. (2188 HK): The provider of power generation-related products said its executive directors Li Xin Qing and An Wei bought a total of 910,000 shares in the company from Oct. 11 to Oct. 14. The stock sank 2.5 percent to 79 Hong Kong cents.
Crisil Ltd. (CRISIL IN): The Indian unit of Standard & Poor’s reported group profit of 601.8 million rupees ($12.2 million) for the quarter ended September, compared with 754.4 million rupees in the same period a year ago. Shares tumbled 5.8 percent to 834.55 rupees.
D’nonce Technology Bhd. (DNON MK): The Malaysian packaging materials distributor and manufacturer of electronic components said its second manufacturing plant in Thailand has been affected by floods there. Any damages will be covered by insurance, it said in a statement. The shares last traded at 33 sen on Oct. 17.
Genting Malaysia Bhd. (GENM MK): The Malaysian casino and hotel operator will open Resorts World Casino New York City on Oct. 28 at the Aqueduct Racetrack in Queens. This will be New York City’s first casino with the first phase including 2,485 electronic slot machines and table games, Genting said in a statement. The stock fell 5.2 percent to 3.50 ringgit.
Hero Motocorp Ltd. (HMCL IN): The Indian motorcycles maker posted net income of 6.04 billion rupees for the three months ended Sept. 30, according to an exchange filing. That compared with a median estimate of 5.53 billion rupees in a Bloomberg News survey. The stock slid 0.4 percent to 1,985.85 rupees.
NEC Capital Solutions Ltd. (8793 JT): The leasing company said net income for the six months ended September totaled 4.4 billion yen, compared with a 1.7 billion yen estimate, according to a preliminary earnings statement. The stock rose 0.6 percent to 1,034 yen.
Peninsula Land Ltd. (PENL IN): The Indian property developer was raised to “hold” from “sell” at PINC Infinity.com Financial Services by equity analyst Suman Memani with a price estimate of 46 rupees per share. The stock slid 2.6 percent to 40.8 rupees.
PT Astra International (ASII IJ): Indonesia’s domestic vehicle sales in September rose to 79,835 units from 73,279 units a month earlier, Astra said in an e-mailed statement, citing data from the Indonesian automotive industries association. Astra, the nation’s biggest automotive retailer, fell 1.4 percent to 68,050 rupiah.
PT Timah (TINS IJ): Tin producers in Indonesia, the largest exporter, will meet Oct. 23 in Bangka to discuss further measures to support prices of the metal, Johan Murod, a director at PT Bangka Belitung Timah Sejahtera, said in a mobile-phone text message. Bangka Belitung remains committed to uphold a ban on tin exports, Murod said. Timah, Indonesia’s largest producer of the metal, fell 4.7 percent to 1,830 rupiah.
Sembcorp Marine Ltd. (SMM SP): The world’s second biggest builder of oil rigs said its SMOE unit got a contract worth about $100 million for the supply of pipe-rack modules to a liquefied natural gas facility in Queensland, Australia. The value of the contract could rise to as much as $150 million, it said. Sembcorp Marine dropped 6.6 percent to S$3.82.
Sogo Medical Co. (4775 JT): The Japanese operator of pharmacies said net income rose 65 percent to 1.1 billion yen for the six months ended September, as sales increased. The stock rose 0.4 percent to 2,811 yen.
Sony Corp. (6758 JT): Japan’s No. 1 exporter of consumer electronics had its credit-rating outlook cut by Moody’s Investors Service because of weakening demand for liquid-crystal display televisions as well as a stronger yen.
The outlook was lowered to “negative” from “stable,” Moody’s said in a statement. Sony’s long-term debt rating was affirmed at A3. The stock slid 1.2 percent to 1,588 yen.
Taihei Kogyo Co. (1819 JT): The Japanese civil engineering company’s net income totaled about 2.75 billion yen for the six months ended September, beating its estimate of 1.7 billion yen on higher sales and improvements in project operations, according to a preliminary earnings statement. The stock gained 0.5 percent to 397 yen.
The Bank of Saga (8395 JT): The regional bank’s net income for the six months ended September rose 34 percent to 2.8 billion yen ($36 million), beating its own estimate on a gradual recovery of the domestic economy, according to a preliminary earnings statement to the Tokyo Stock Exchange. Bank of Saga had forecast a 1.2 billion yen profit. The stock dropped 0.5 percent to 185 yen.
3i Infotech Ltd. (III IN): The Indian software company’s board will consider a rights issue on Oct. 21, it said in an exchange filing today. Shares dropped 3.6 percent to 25.45 rupees.
Tokyo Steel Manufacturing Co. (5423 JT): The steelmaker’s net loss for the six months ended September widened to 3.35 billion yen on a parent basis from a 2.49 billion yen loss a year earlier, as the yen’s appreciation forced discounting on product prices and costs rose. The company cut its forecast for the year ending March 31 to breakeven from a 2 billion yen profit, according a statement to the Tokyo Stock Exchange. The stock slid 2.5 percent to 666 yen.
Yunnan Copper Industry Co. (000878 CH): The company’s third-quarter net income rose 474 percent from a year earlier to 231.6 million yuan, according to a statement on the Shenzhen Stock Exchange. The stock slid 4.5 percent to 17.83 yuan.
To contact the reporter on this story: Yoshiaki Nohara in Tokyo at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com