Nov. 11 (Bloomberg) -- The following companies may have unusual price changes in Asian trading on Nov. 14. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Hong Kong developers: The city’s home prices fell 1 percent in the week ended Nov. 6, its fifth straight decline and the biggest drop in 17 weeks, Centaline Property Agency Ltd. said in an e-mailed statement.
Sun Hung Kai Properties Ltd. (16 HK), the world’s biggest developer by market value, slid 0.1 percent to HK$100.80. Cheung Kong (Holdings) Ltd. (1 HK), controlled by billionaire Li Ka-shing, advanced 0.1 percent to HK$91.60.
Ayala Corp. (AC PM): The company’s nine-month net income grew 7 percent to 7.3 billion pesos ($169 million), a stock exchange filing showed. Ayala, the owner of the largest Philippine developer, climbed 0.4 percent to 290 pesos.
Bridgestone Corp. (5108 JT): Japan’s top tiremaker by revenue will spend 35.5 billion yen ($458 million) to build a factory in Vietnam. The radial-tire plant will start operation in 2014, according to a statement on the company’s website. Bridgestone will also spend 4.7 billion yen to expand capacity at a plant in Japan’s Yamaguchi prefecture, according to a separate statement. The stock gained 2.9 percent to 1,771 yen.
Cerebos Pacific Ltd. (CER SP): The maker of health tonic Brands Essence of Chicken said third-quarter net income dropped 11 percent from a year earlier to S$20.6 million ($16 million). The stock lost 0.4 percent to S$4.72.
Chiba Bank Ltd. (8331 JT): The regional bank raised its full-year net-income outlook to 45 billion yen from 41.5 billion yen. The stock edged up 0.2 percent to 507 yen.
Cnooc Ltd. (883 HK): The company’s parent imported 84,000 metric tons of diesel to ease supply shortages, the National Development and Reform Commission said. The stock gained 3.5 percent to HK$15.40.
Edion Corp. (2730 JT): The operator of electronics retailers raised its full-year net-income forecast 20 percent to 12 billion yen. The stock retreated 4.8 percent to 580 yen.
Filinvest Land Inc. (FLI PM): The Philippine builder’s nine-month core profit increased 15 percent to 1.66 billion pesos, a stock exchange filing showed. The stock climbed 1.8 percent to 1.14 pesos.
Golden Agri-Resources Ltd. (GGR SP): The world’s second-biggest palm-oil producer by sales said third-quarter net income fell 11 percent from a year earlier to $109.6 million. The shares were unchanged at 66 Singapore cents.
Japan Bridge Corp. (5912 JT): The bridge builder will spend 5.5 billion yen to acquire Oriental Shiraishi Corp. (1786 JP), a civil-engineering company, according to a statement. Japan Bridge fell 2 percent to 200 yen.
Jet Airways (India) Ltd. (JETIN IN): The nation’s biggest carrier posted a wider-than-expected second-quarter loss of 7.14 billion rupees, compared with a profit of 124 million rupees last year. A median of estimates by five analysts was for a loss of 2.2 billion rupees, according to data compiled by Bloomberg. Shares advanced 2.3 percent to 266.3 rupees.
Japan Tobacco Inc. (2914 JT): Asia’s largest cigarette maker by market value said domestic cigarette sales more than doubled in October from a year earlier to 52.6 billion yen, according to a statement. The stock advanced 1.5 percent to 373,000 yen.
LG Electronics Inc. (066570 KS): The South Korean company and Google Inc. may unveil a television using the Internet search-engine company’s software at the January Consumer Electronics Show in Las Vegas, according to two people with knowledge of the project. LG, South Korea’s second-largest electronics maker, added 6.4 percent to 64,600 won.
Reliance Capital Ltd. (RCAPT IN): The company owned by Indian billionaire Anil Ambani posted second-quarter group profit of 334.5 million rupees, compared with 1.12 billion rupees in the same period last year. Shares slid 0.1 percent to 359.3 rupees.
SK Telecom Co. (017670 KS): The company’s A2 issuer rating and senior, unsecured bond rating was placed under review for possible downgrade by Moody’s Investors Service. Hynix Semiconductor Inc.’s shareholders accepted SK Telecom’s bid to buy 20 percent of the chipmaker. SK Telecom, South Korea’s largest mobile-phone operator, rose 3.1 percent to 149,500 won. Hynix (000660 KS) rose 0.2 percent to 21,550 won.
Matsumotokiyoshi Holdings Co. (3088 JT): The drugstore chain said net income more than doubled to 4.42 billion yen in the six months through September from 1.86 billion yen a year earlier, when a charge related to an accounting change weighed on results. The stock slipped 0.9 percent to 1,459 yen.
Misawa Homes Co. (1722 JT): The homebuilder raised its full-year net-income outlook 50 percent to 6 billion yen on a gain from a lawsuit. The stock rose 0.2 percent to 473 yen.
Nissan Shatai Co. (7222 JT): The auto assembler said it will end production of pickup trucks at one of its plants near Tokyo in February. The company lowered its full-year net-income forecast 23 percent to 5.3 billion yen, as it plans to record the charge from the terminated output as a depreciation loss. The stock slid 1.5 percent to 712 yen.
Noble Group Ltd. (NOBL SP): The Hong Kong-based commodity supplier was placed by Standard & Poor’s under credit watch negative for a potential downgrade, after the company posted its first loss in 14 years. The company’s plan to sell its agriculture business and other assets may be hard to execute given an uncertain market outlook, S&P said in a statement. Noble was unchanged at S$1.18.
Resona Holdings Inc. (8308 JT): The lender boosted its full-year net-income forecast 13 percent to 170 billion yen. The stock declined 1.7 percent to 344 yen.
San Miguel Corp. (SMC PM): The Philippines’ largest listed company, had an 83 percent profit decline in the third quarter from a year earlier, when earnings were boosted by a one-time gain. The stock climbed 1.1 percent to 117 pesos.
Shizuoka Bank Ltd. (8355 JT): The regional lender lifted its full-year net-income outlook 2.7 percent to 38 billion yen and raised its dividend for the year to 13.5 yen per share from 13 yen. The stock lost 1 percent to 809 yen.
THK Co. (6481 JT): The maker of industrial machinery halved its full-year net-income projection to 9.5 billion yen, citing less-than-expected sales. The company also cut its full-year dividend from 22 yen to 18 yen. The stock rose 1.1 percent to 1,431 yen.
Topre Corp. (5975 JT): The maker of pressed products for car parts plans to invest about 4 billion yen to establish a subsidiary in Mexico. The company will begin production in January 2014, according to a statement. The stock climbed 4.5 percent to 784 yen.
Tsubakimoto Chain Co. (6371 JT): The maker of power transmission equipment said first-half net income fell 1.6 percent to 3.11 billion yen, beating the company’s forecast of 2.7 billion yen. The stock fell 0.5 percent to 372 yen.
To contact the reporter on this story: Norie Kuboyama in Tokyo at firstname.lastname@example.org
To contact the editor responsible for this story: Nick Gentle at email@example.com