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Aeon, Cathay Pacific Airways, L’Occitane: Asia Stocks 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.

Aeon Co. (8267 JP): Japan’s biggest retailer said it will buy 50 percent of Tesco Japan for “nominal” sum in a deal that the U.K. company said will leave it with no further financial exposure to the country. Aeon’s shares gained 0.6 percent to 961 yen.

Asahi Co. (3333 JP): The bicycle retailer said operating profit for first quarter that ended May 20 fell 17 percent from year earlier to 1.93 billion yen. The stock jumped 5 percent to 1,180 yen.

Cathay Pacific Airways Ltd. (293 HK): Asia’s largest international carrier sees “healthy” bookings on long-haul routes, particularly North America, James Tong, general manager for revenue management, said in an article with airline’s inhouse magazine. The stock gained 2.5 percent to HK$12.40.

L’Occitane International SA (973 HK): The French cosmetics company listed in Hong Kong said profit for the year ended March 31 rose 22 percent to 121.2 million euros ($153 million) from a year earlier. The stock rose 1.2 percent to HK$19.30.

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