The following companies may have unusual price changes in Asian trading on Jan. 9. 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 dropped 1.25 percent in the seven days ended Jan. 1, the biggest weekly drop in 25 months, Centaline Property Agency said in an statement. Sun Hung Kai Properties Ltd., the world’s biggest developer by market value, lost 0.8 percent to HK$98.20. Cheung Kong (Holdings) Ltd., controlled by billionaire Li Ka-shing, retreated 2 percent to HK$91.60.
Aeon Co. (8267 JT): Japan’s biggest supermarket chain said profit fell 26 percent to 36.5 billion yen in the nine months ended Nov. 30, while operating profit rose 9.1 percent to 101.8 billion yen. The stock slid 1 percent to 1,058 yen.
Daiei Inc. (8263 JT): The supermarket operator said net loss in the nine months ended Nov. 30 widened to 12.3 billion yen from 4.7 billion yen a year ago, dragged down by a charge from a change in accounting methods and earthquake-related losses. Operating profit in the period amounted to 406 million yen, reversing a loss of 522 million yen a year earlier, on lower costs, the retailer said in a release. The stock fell 1.1 percent to 277 yen.
Enplas Corp. (6961 JT): The maker of engineering plastic produces for electronics canceled a plan made by the board on Oct. 28 that it would buy back up to 7.1 percent of its shares. The company has already repurchased 19,500 shares out of its planned 1 million shares, Enplas said in a statement. The stock lost 5.1 percent to 1,557 yen.
Glorious Property Holdings Ltd. (845 HK): The real estate developer said its full year sales increased 5.1 percent to 13.3 billion yuan ($2.12 billion). The stock fell 0.8 percent to HK$1.19.
Guotai Junan International Holdings Ltd. (1788 CN): The brokerage secured approval of 900 million yuan QFII quota from China Securities Regulatory Commission, State Administration of Foreign Exchange and Hong Kong’s Securities and Futures Commission, Chief Executive Officer Yim Fung told reporters in Hong Kong. The stock dropped 3.3 percent to HK$1.77.
HTC Corp. (2498 TT): Asia’s second-largest smartphone maker posted its first quarterly profit decline in two years. Fourth-quarter net income declined 26 percent to NT$11 billion ($364 million) from NT$14.8 billion a year earlier, the Taiwan-based company said. The average of 11 analyst estimates compiled by Bloomberg in the past four weeks was for profit of NT$11.6 billion. The stock lost 0.7 percent to NT$482.
Jaiprakash Associates Ltd. (JPA IN): The construction company’s Chairman Manoj Gaur, wife and brother were fined 1 million rupees ($19,000) each for breaking insider-trading rules, India’s markets regulator said in an order. The shares dropped 4.6 percent to 53.2 rupees.
Onward Holdings Co. (8016 JT): The apparel maker said net income in the nine months ended Nov. 30 fell 7 percent to 4.36 billion yen, while operating profit rose 31 percent to 11.4 billion yen. The stock added 0.4 percent to 565 yen.
Pasona Group Inc. (2168 JT): The temporary staff services provider said it will buy an 85.51 percent stake in Caplan, a temporary staffing unit of Itochu Corp. (8001 JT). Pasona slid 0.7 percent to 74,100 yen. Itochu lost 1.6 percent to 783 yen.
Sugi Holdings Co. (7649 JT): The drugstore chain said nine-month net income jumped 52 percent to 9.41 billion yen with higher sales. The stock gained 0.8 percent to 2,277 yen.
Seven & I Holdings Co. (3382 JT): The owner of the 7-Eleven convenience-store franchise said nine-month net income fell 7.3 percent to 83.7 billion yen, while operating profit in theperiod ended Nov. 30 rose 23 percent to 216.2 billion yen. The stock slipped 0.4 percent to 2,142 yen.