China Resources Land, CNHTC Jinan, Nan Ya: Asia Ex-Japan Equity Preview
The following companies may have unusual price changes in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
China Resources Land Ltd. (1109 HK): The company reported first-half net income of HK$3.46 billion ($445 million), according to a statement. China Resources Land, a state- controlled developer, advanced 1.1 percent to HK$14.84.
CNHTC Jinan Truck Co. (000951 CH): The listed unit of the country’s largest heavy truck producer said first-half net income rose 160 percent from a year earlier to 552.4 million yuan ($81.3 million). The stock added 1.8 percent to 22.72 yuan.
Nan Ya Plastics Corp. (1303 TT): The world’s largest processor of plastics for pipes and imitation leather more than doubled second-quarter profit to NT$11.5 billion ($359 million) after the economic recovery bolstered sales. That beat the NT$8.9 billion average of eight analyst estimates compiled by Bloomberg. The stock climbed 0.2 percent to NT$61.50.
Posco (005490 KS): South Korea’s biggest steelmaker said it plans to raise stainless steel prices by 200,000 won ($168) per metric ton in September. The stock slid 0.4 percent to 484,500 won.