Dongyue, Fortescue, Gree, Park 24, Tata Motors: 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.
PT Astra International (ASII) : Indonesia’s biggest automotive retailer said the nation’s domestic vehicle sales in December rose 19 percent from a month earlier to 80,325 units, bringing last year’s total sales to 894,180 units. Astra fell 0.7 percent to 76,200 rupiah.
Dongyue Group (189) (189 HK): The fluorochemicals producer said it expects earnings for the year ended December to increase “significantly” on strong domestic and international demand, and improvement in selling prices. The stock climbed 1.7 percent to HK$6.12.
Fortescue Metals Group Ltd. (FMG) : Australia’s third- biggest iron ore exporter to report quarterly shipments that are expected to rise on the year. The company forecast shipments of 13.5 million to 14 million tons for the quarter in October, UBS AG expects shipments to reach about 14.5 million tons. The stock fell 2.7 percent to A$4.62.
Gree Inc. (3632) (3632 JT): The social network service provider will acquire a 6.8 percent stake in Mobicle Co., a South Korean online game provider, through a third-party allocation, according to a statement to the Tokyo Stock Exchange. The stock rose 0.4 percent to 2,271 yen.
Nippon Yakin Kogyo Co. (5480) (5480 JT): The stainless steel producer cut its full-year net-income forecast 81 percent to 500 million yen, citing falling prices and the yen’s appreciation. The stock dipped 0.8 percent to 122 yen.
Park 24 Co. (4666 JT): The parking garage operator said December sales increased 9 percent from a year earlier. The stock dropped 0.4 percent to 992 yen.
Rio Tinto Group (RIO) : The second-biggest mining company will report fourth-quarter production of iron ore, coal, copper and aluminum. RBC Capital Markets expects iron ore production to reach 52 million metric tons. The stock fell 0.5 percent to A$64.89.
Springland International Holdings Ltd. (1700) (1700 HK): The operator of retail stores said its same-store sales at its department stores grew 25 percent in 2011 from the previous year, while same-store sales at its supermarkets increased 11 percent. The stock was unchanged at HK$4.70.
Singapore Exchange Ltd. (SGX) : The operator of Asia’s eighth-largest equity market by value said second-quarter net income fell 12 percent from a year earlier. The stock slid 2.2 percent to S$6.10.
Toyota Tsusho Corp. (8015) (8015 JT): The trading company partly owned by Toyota Motor Corp. will start a tender offer for Elematec Corp. (2715) (2715 JT) to buy more than half its shares, according to a statement to the stock exchange. Toyota Tsusho lost 3.7 percent to 1,331 yen. Elematec fell 0.2 percent to 1,281 yen.
Tata Motors Ltd. (TTMT) : India’s biggest truck-maker’s group global sales rose 27 percent from a year earlier to 114,920 units in December, according to a statement. Shares climbed 2.4 percent to 213.75 rupees.
Tsugami Corp. (6101) (6101 JT): The maker of automated machine tools plans to raise as much as 3.5 billion yen by selling new shares according to a filing with Japan’s Finance Ministry. The company will use the funds to expand its factories and make a loan to a Chinese subsidiary, it said. The stock fell 4 percent to 511 yen.
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