April 27 (Bloomberg) -- The following companies may have unusual price changes in Asian trading on April 30. The market in Japan will reopen on May 1 after a national holiday. 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.
All Nippon Airways Co. (9202 JT): Asia’s largest listed carrier by sales reiterated that profit may rise 42 percent this year because of cost-cutting and rising demand. Net income will probably be 40 billion yen ($496 million) in the year ending March, ANA said. The stock lost 1.3 percent to 234 yen.
Bank of Communications Co. (3328 HK): The mainland lender said profit for the three months ended March 31 rose to 15.9 billion yuan ($2.52 billion) from 13.3 billion yuan a year earlier. Analysts estimate was 15.3 billion yuan. The stock fell 1.2 percent to HK$5.79.
Chubu Electric Power Co. (9502 JT): The utility swung to a loss of 92.2 billion yen for the year ended March 31 from profit of 84.6 billion yen a year earlier, citing an idling of a nuclear power plant following last year’s disasters. The stock slid 1.1 percent to 1,308 yen.
Daiwa Securities Group Inc. (8601 JT): Japan’s second-largest brokerage swung to a profit of 10.9 billion yen for the quarter ended March 31 from a loss of 33.1 billion yen a year earlier, led by trading gains. The stock fell 2.3 percent to 304 yen.
Furukawa Battery Co. (6937 JT): The battery maker reported its net income of 1.35 billion yen for the year ended March 31, according to a preliminary earnings statement, citing improving productivity and a cut in research costs. That compares with its forecast of 800 million yen. The shares gained 1.6 percent to 451 yen.
Honda Motor Co. (7267 JT): Japan’s third-largest carmaker by sales said net income may more than double to 470 billion yen for the year ending March 31, according to a statement. That missed the 517.7 billion yen average estimates of 23 analysts compiled by Bloomberg. The shares were unchanged at 2,896 yen.
Hyundai Steel Co. (004020 KS): The company posted a lower-than-estimated 39 percent drop in first-quarter profit after waning demand for the metal used in cars, ships and houses dragged prices lower. Net income was 157.5 billion won ($138.7 million) in the quarter ended March, according to a regulatory filing. That missed the 188.4 billion won average of 12 analyst estimates compiled by Bloomberg. South Korea’s second-largest steelmaker added 1.3 percent to 99,200 won.
Industrial and Commercial Bank of China Ltd. (1398 HK): The world’s largest lender by market value said profit for the quarter ended March rose 14 percent to 61.3 billion yuan from a year earlier. That compares with the 61.7 billion-yuan average estimate of 10 analysts surveyed by Bloomberg News. The stock fell 0.8 percent to HK$5.11.
Jindal Steel & Power Ltd. (JSP IN): The Indian company reported fourth-quarter profit of 11.7 billion rupees, above the median estimate of 11.6 billion rupees in a Bloomberg News survey. Shares fell 1.6 percent to 480.85 rupees.
KB Financial Group Inc. (105560 KS): The owner of South Korea’s largest lender said first-quarter profit dropped 20 percent as the lending margin narrowed. Net income declined to 603.2 billion won from 757.6 billion won a year earlier, according to a regulatory filing. The shares fell 0.3 percent to 40,000 won.
NEC Corp. (6701 JT): Japan’s biggest maker of telecommunications equipment forecast profit lower than analysts’ estimates amid lower demand for its mobile phones and computers. The stock lost 4 percent to 145 yen.
Nippon Steel Corp. (5401 JT): Japan’s largest steelmaker returned to profit last quarter as the yen weakened and a stock-market recovery boosted the value of its holdings, including merger partner Sumitomo Metal Industries Ltd. Net income was 59.7 billion yen in the three months ended March 31 afterd a loss of 11.2 billion yen a year earlier, the company said. The stock was unchanged at 201 yen.
Nisshinbo Holdings Inc. (3105 JT): The maker of cotton fabrics and chemical products reported net income of 9.5 billion yen in the year ended March 31 from a year earlier, according to a preliminary earnings statement that cited the weaker yen for the gain. The result beat its forecast of 4.5 billion yen. The stock dropped 0.8 percent to 707 yen.
Nomura Holdings Inc. (8604 JT): Japan’s biggest brokerage by market value said net income rose 86 percent to 22.1 billion yen in the three months ended March 31 from a year earlier, beating analysts’ estimates, as gains from trading outweighed declines in investment banking. The stock fell 1.8 percent to 330 yen.
Suzlon Energy Ltd. (SUEL IN): India’s biggest wind turbine maker plans to raise as much as $500 million by June when the first batch of its overseas convertible bonds mature, Chief Financial Officer Kirti Vagadia said in a phone interview today. Shares fell 4.3 percent to 21.35 rupees.
Sharp Corp. (6753 JT): Japan’s largest maker of liquid-crystal-display panels said its loss will probably be 30 billion yen in the year ending in March, compared with estimates for a 7.6 billion yen loss from 23 analyst surveyed by Bloomberg. The stock rose 1.2 percent to 516 yen.
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