Bharti Airtel, Brooks, Emperor Capital, Round One: Asia Stocks Preview
The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices (MXAP) are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Brooks Laboratories Ltd. (BKL IN): A drugmaker received approval for making Doripenem Monohydrate Injection. The shares fell 1.5 percent to 16.65 rupees
Daewoo Shipbuilding & Marine Engineering Co. (042660) (4924 JT): Net income rose 17 percent to 1.25 billion yen in the three months ended Oct. 31, the cosmetics maker said, citing lower advertising costs. The stock rose 2.5 percent to 478,500 yen.
Emperor Capital Group Ltd. (717) (717 HK): The Hong Kong-based financial services company said full-year profit fell to HK$62.1 million ($7.99 million) from HK$72.1 million a year earlier. The stock was unchanged at 26 Hong Kong cents.
Holcim Philippines Inc. (HLCM) : The nation’s biggest cement producer’s rating was lowered to “sell” from “hold” and its share price estimate was cut to 6.60 pesos from 9.80 pesos by Lovell Sarreal, Manila-based analyst at ATR KimEng Securities. The stock advanced 5.4 percent to 8.60 pesos.
Isu Chemical Co. (005950) (005950 KS): Isu Corp. plans to sell 964,709 shares of Isu Chemical at a range of between 27,250 won and 27,800 won apiece in a block deal on Dec. 9, according to Bloomberg data. The petrochemicals maker fell 2 percent to 29,300 won.
Longfor Properties Co. (960) (960 HK): The property developer controlled by Wa Yajun said contract sales were 3.01 billion yuan ($473 million) in November, compared with 4.38 billion yuan the previous month. The stock fell 3.8 percent to HK$9.33.
McDonald’s Holdings Co. (Japan) Ltd. (2702 JQ): The fast food chain said its same-store sales gained 8.7 percent in November from a year earlier, helped by an increase in customers. The stock added 0.6 percent
Round One Corp. (4680 JT): The operator of bowling alleys and game arcades said its same-store sales in November dropped 2.9 percent from a year earlier. The stock added 2.3 percent to 484 yen.
Sekisui House Ltd. (1928 JT): net income at the homebuilder rose 83 percent to 24.8 billion yen ($320 million) in the nine months through October, according to a statement to the Tokyo Stock Exchange. Declines in land prices have moderated and investment in condominiums has recovered in the Tokyo area, the statement said. The stock fell 1.8 percent to 674 yen.
Shimao Property Holdings Ltd. (813) (813 HK): The developer that earns all of its revenue on the mainland said 11-month contracted sales rose 4.8 percent from a year earlier. The stock gained 0.7 percent to HK$6.79.
Tokyo Dome Corp. (9681 JT): The stadium operator forecast a net loss of 300 million yen in the year through January 2012, compared with a previous forecast of 2.4 billion yen net income, according to a filing to the Tokyo Stock Exchange. It cited an increase in corporate taxes. The stock fell 1.1 percent to 177 yen.
United Microelectronics Corp. (2303 TT): The world’s second-largest custom maker of chips said November sales fell 23 percent to NT$8 billion from a year earlier, according to a statement filed to the Taiwan Stock Exchange. The stock retreated 0.4 percent to NT$12.80.
To contact the reporter on this story: Yoshiaki Nohara in Tokyo at email@example.com
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org