Aquila, Jollibee Foods, Wintek: Asia Ex-Japan Equity Preview
The following companies may have unusual price changes today in Asian trading, excluding Japan. Stock symbols are in parentheses and share prices are from the previous close, unless noted otherwise.
Aquila Resources Ltd. (AQA) : Aquila posted a loss after- tax in the year to June 30 of A$64.6 million ($66.3 million) after a A$33.1 million loss a year earlier, it said in a statement to the Australian stock exchange. The loss reflects the company’s accounting policy of expensing expenditure incurred in respect of exploration and feasibility activities at four projects, it said. Aquila slid 5.6 percent to A$5.55.
International Container Terminal Services Inc. (ICT PM): The largest Philippine port operator is not in talks nor has it made an offer to buy ports in Greece, a stock-exchange filing showed. The company has established ICTSI Africa Ltd. in South Africa for the purpose of managing assets in the region, a separate statement showed. The company also said that it bought back 427,680 shares. The stock was unchanged at 50.90 pesos.
Jollibee Foods Corp. (JFC) : The largest Philippine fast- food operator is in “preliminary talks” for a possible acquisition, Chief Financial Officer Ysmael Baysa said, without giving more details. The stock decreased 0.7 percent to 86.40 pesos.
SM Investments Corp. (SM) : The company’s earnings in the third quarter will be “better” than in the same period last year, Chief Financial Officer Jose Sio said. The stock declined 0.5 percent to 549.50 pesos.
Wintek Corp. (2384) (2384 TT): Wintek’s unit will pay $19.6 million to buy land-use rights and factory buildings in Vietnam’s Quang Chau New Urban Area, the Taiwan-based company said in a statement to the local stock exchange. Wintek slid 5.8 percent to NT$22.60.
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