China Construction Bank, Casinos, Singapore Air: Asia Preview

The following companies may have unusual price changes in Asian trading tomorrow. 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.

Philippine Gaming Companies: The Government Service Insurance System, a state-run pension fund for Philippine government employees, is “closely looking” at gaming stocks for equities investments, fund President Robert Vergara said. Alliance Global Group Inc. (AGI PM), which controls a venture that runs Manila’s biggest casino, increased 1.9 percent to 10.50 pesos. Belle Corp. (BEL PM), which is building a casino and hotel complex in Manila, gained 1.2 percent to 4.32 pesos. Leisure & Resorts World Corp. (LR PM), a partner of Belle in the casino venture, rose 3.6 percent to 9.15 pesos.

Aozora Bank Ltd. (8304 JT): The lender controlled by Cerberus Capital Management LP said net income jumped 59 percent to 22.6 billion yen ($293 million) in the six months ended Sept. 30, while revenue fell 7.6 percent to 64.5 billion yen. The stock lost 3.1 percent to 217 yen.

Canon Inc. (7751 JT): The world’s biggest camera maker plans to sell all its shares in Hitachi Displays Ltd. (HTDSPZ JP) to Hitachi Ltd. (6501 JT), according to a statement. Canon slid 0.7 percent to 3,385 yen, while Hitachi Ltd. fell 1.2 percent to 416 yen.

Carlsberg Brewery Malaysia Bhd. (CAB MK): The nation’s second-biggest brewery by market value said third-quarter net income rose 43 percent from a year earlier to 48.8 million ringgit ($15.46 million) as sales climbed, according to a stock exchange filing. The shares fell 0.6 percent to 7.05 ringgit.

China Construction Bank Corp. (939 HK): Temasek Holdings Pte., Singapore’s state-owned investment company, is in talks to buy shares of China Construction Bank that Bank of America Corp. is selling, according to a person with knowledge of the matter. China Construction Bank, the nation’s No. 2 lender by market value, rose 1.1 percent to HK$5.59.

China Life Insurance Co. (2628 HK RV): The nation’s biggest insurer by market value said premium income was about 282.1 billion yuan ($44.45 billion) in the first ten months of the year. The stock slid 0.2 percent to HK$22.40.

CIMB Group Holdings Bhd. (CIMB MK), Malaysia’s second-biggest lender, said third-quarter profit rose to 1.01 billion ringgit from 916 million ringgit a year earlier, according to an e-mailed statement. CIMB lost 1.1 percent to 7.10 ringgit.

Dwango Co. (3715 JT): The mobile content provider said it will buy back up to 6.37 percent of its outstanding shares for as much as 1.9 billion yen. The stock slumped 1.2 percent to 119,800 yen.

Endo Manufacturing Co. (7841 JQ): The maker of golf club heads said it will buy back up to 5.38 percent of its total shares. The stock climbed 1.6 percent to 325 yen.

Hynix Semiconductor Inc. (000660 KS): Moody’s Investors Service placed the ratings of Hynix on review for a possible upgrade, according to a statement. The world’s second-largest computer-memory chipmaker fell 1.1 percent to 22,050 won.

Hyundai Engineering & Construction Co. (000720 KS): Abu Dhabi Airports Co. said it received six bids from ventures including Hyundai Engineering & Construction and Larsen & Toubro Ltd. to build a midfield terminal at its international airport. South Korea’s largest builder fell 2.8 percent to 66,900 won.

Karuturi Global Ltd. (KARG IN): The Indian food processor said second-quarter profit more than halved to 177.9 million rupees from 426.1 million rupees in the same period last year, according to an exchange filing. Shares slumped 4.7 percent to 5.05 rupees.

Isuzu Motors Ltd. (7202 JT): The truck maker said it will begin to restart production in Thailand Nov. 21, after a shortage of parts caused by flooding disrupted output. Yamaha Motor Co. (7272 JT), a motorcycle manufacturer, also said it will resume Thailand output on Nov. 21. Isuzu slid 0.8 percent to 355 yen. Yamaha fell 1.7 percent to 1,082 yen.

Nisshin Steel Co. (5407 JT) and Nippon Metal Industry Co. (5479 JT): The steelmakers will start talks on a merger with a view to completing a tie-up by Oct. 1, according to a statement from the two companies. Nisshin Steel tumbled 6.9 percent to 108 yen. Nippon Metal slumped 6.4 percent to 73 yen.

Olympus Corp. (7733 JT): The Tokyo Stock Exchange will raise the upper limit on the scandal-hit endoscope maker if its shares remain untraded on Nov. 16, according to a statement on the bourse’s website. The stock soared 19 percent to 640 yen.

Panasonic Corp. (6752 JT): The electronics maker said it agreed to sell its Mobara liquid-crystal-display plant in Chiba to Japan Display Inc., a venture of Sony Corp., Hitachi Ltd., Toshiba Ltd. and Innovation Network Corp. of Japan. Panasonic fell 1.3 percent to 692 yen.

Park24 Co. (4666 JT): The parking-lot operator reported net income of 6.5 billion yen in the fiscal year ended Oct. 31, beating its 5.2 billion yen outlook by about 25 percent, according to a preliminary earnings statement. The stock slipped 1 percent to 880 yen.

Seven Bank Ltd. (8410 JQ): The bank, which provides services mainly through automated teller machines, said it will conduct a 1,000-for-1 stock split, adopting the minimum trading of 100 shares. The stock increased 0.9 percent to 145,000 yen.

Singapore Airlines Ltd. (SIA SP): The world’s second-largest carrier by market value filled 77 percent of its seats in October, compared with 80 percent a year earlier, according to figures released by the airline. The stock slid 1.8 percent to S$11.07.

Suruga Bank Ltd. (8358 JT): The regional bank said net income in the six months ended Sept. 30 rose by a quarter to 7.9 billion yen, citing lower credit costs. The stock fell 0.6 percent to 680 yen.

Tech Mahindra Ltd. (TECHM IN): The Indian software maker reported second-quarter profit that jumped 59 percent from a year ago to 2.4 billion rupees, beating analysts’ estimate of 1.78 billion rupees. Revenue fell 13 percent to 13.3 billion rupees. Shares rose 1.1 percent to 617.85 rupees.

Tata Motors Ltd. (TTMT IN): India’s biggest truck-maker said the group’s global sales rose 10 percent in October from a year earlier to 95,789 vehicles. Sales of Jaguar Land Rover increased 39 percent from a year ago to 26,158 units last month, according to a statement today. Shares rose 1.9 percent to 181.25 rupees.

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