Dec. 9 (Bloomberg) -- The following companies may have unusual price changes in Asian trading on Dec. 12. 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 Centa-City Leading Index, an indicator of housing prices in the city, climbed to 98.13 in the week ended Dec. 4, Centaline Property Agency Ltd. said in a statement posted on its website. Hong Kong home prices rose 0.92 percent from a week earlier, it said.
Sun Hung Kai Properties Ltd. (16 HK), the world’s biggest developer by market value, retreated 1.3 percent to HK$98.45. Cheung Kong (Holdings) Ltd. (1 HK), controlled by billionaire Li Ka-shing, fell 1.9 percent to HK$88.85.
China State Construction International Holdings Ltd. (3311 HK): The building construction services provider said the value of new contracts for the first 11 months of the year rose 21 percent from a year earlier to HK$30.3 billion ($3.89 billion). The stock fell 4.2 percent to HK$5.47.
Cairn India Ltd. (CAIR IN): The energy explorer’s prolific Rajasthan oil block has potential to produce 300,000 barrels per day, a quarter more than the previously projected peak output. The shares fell 1.2 percent to 306.65 rupees.
Dongkuk Steel Mill Co. (001230 KS): South Korea’s third-largest steelmaker said it will complete a steel plant in Brazil in 2015, according to a regulatory filing. The company signed an agreement last year with Vale SA and Posco to set up joint venture for the project. The stock fell 1.8 percent to 22,450 won.
Glorious Property Holdings Ltd. (845 HK): The real estate developer said its property sales for November was 684 million yuan ($107.5 million). The stock lost 3.9 percent to HK$1.25.
Himart Co. (071840 KS): Lotte Group may bid for the South Korean home appliance retailer, according to MoneyToday. Himart’s three major shareholders, including Eugene Corp., said they will sell stakes, according to a regulatory filing on Dec. 1. The stock rose 4.3 percent to 82,700 won.
Hon Hai Precision Industry Co. (2317 TT): The world’s largest contract maker of electronics said November sales rose 33 percent from a year earlier to NT$307 billion ($10.2 billion), according to a statement to the Taiwan Stock Exchange. The stock retreated 2.3 percent to NT$79.70.
Japan Tobacco Inc. (2914 JT): The cigarette maker’s domestic sales volume rose 40 percent in November from a year earlier, the company said in a release. The stock fell 0.1 percent to 365,000 yen.
Nippon Steel Corp. (5401 JT), Sumitomo Metal Industries Ltd. (5405 JT): Japanese regulators will approve a merger of the two steel producers, Asahi newspaper said. The companies aim to complete the tie-up by October 2012, according to the report. Nippon Steel dropped 3 percent to 192 yen, while Sumitomo Metal Industries fell 2.8 percent to 138 yen.
Panasonic Corp. (6752 JT): The electronics company plans to start selling smartphones in Europe in March, subsidiary Panasonic Mobile Communications Co. said. Panasonic aims to use Europe as a stepping stone to lift overseas sales of its mobile phones to 9 million units in the fiscal year ending March 2016. The stock lost 2.8 percent to 694 yen.
PT Renuka Coalindo (SQMI IJ): The Indonesian coal producer said it expects to boost annual output at its wholly-owned unit, PT Jambi Prima Coal, to at least 1 million metric tons next year. Jambi Prima, which has begun operating a mine in Jambi province in Sumatra, is producing 50,000 tons to 60,000 tons of coal a month, Renuka President Director Ganesh Mane said. The shares rose 9.3 percent to 295 rupiah, the highest close since August 2007.
Rizal Commercial Banking Corp. (RCB PM): The Philipppine bank plans to sell up to 5 billion pesos ($115 million) of long-term negotiable certificates of deposit, a stock-exchange filing showed. The stock decreased 1.3 percent to 30.30 pesos.
Sojitz Corp. (2768 JT): The trading company forecast a loss of 12 billion yen ($154 million) for the year ending March 31, citing charges related to deferred tax assets, according to a filing with the Tokyo Stock Exchange. That compares with a previous projection of 16 billion in net income. The stock fell 1.6 percent to 127 yen.
Taiwan Semiconductor Manufacturing Co. (2330 TT): The world’s largest custom maker of chips said November sales fell 1.4 percent from a year earlier to NT$35 billion, according to an exchange filing. The stock declined 2.9 percent to NT$74.10.
Tokyo Electric Power Co. (9501 JT): The utility aims to cut 2.65 trillion yen in costs over the next 10 years, it said in a statement distributed to reporters on Dec. 9. Separately, the owner of the crippled Fukushima Dai-Ichi nuclear power plant reiterated that no decision has been made on a reported nationalization of the utility or a capital injection. The stock rose 1.2 percent to 247 yen.
Toyota Motor Corp. (7203 JT): The world’s biggest carmaker by market value cut its profit forecast 54 percent, citing Thailand’s floods hurting production. Net income will fall to 180 billion yen ($2.3 billion) in the 12 months ending March 31, the Toyota City, Japan-based carmaker said in a statement. The stock fell 0.4 percent to 2,636 yen.
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