Advantest, Bharat Heavy, Ginebra, NTPC, Omron Corp.: Asia Stocks Preview
The following companies may have unusual price changes in Asian trading on Jan. 30. 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.
Hong Kong Lenders: The city’s December new mortgage drawdowns dropped 16 percent from a year earlier to the lowest in almost three years as property curbs deterred buyers in the world’s most expensive place to buy homes.
Hang Seng Bank Ltd. (11 HK), the Hong Kong-based unit of HSBC Holdings Plc, rose 0.9 percent to HK$102.40. BOC Hong Kong Holdings Ltd. (2388 HK), the biggest lender in the city by market value, lost 0.2 percent to HK$20.75. Bank of East Asia Ltd. (23 HK), the third-largest, slid 0.9 percent to HK$32.05.
Advantest Corp. (6857) (6857 JT): The maker of memory-chip testers forecast a loss of 1 billion yen ($13 million) for the year ending March. 31, swinging from a 3.2 billion profit a year earlier. The company also doubled its second-half dividend to 10 yen per share. The stock fell 2.8 percent to 727 yen.
Bharat Heavy Electricals Ltd. (BHEL) : India’s largest power-equipment maker posted third-quarter profit that rose 1.9 percent from a year ago to 14.3 billion rupees, missing the 14.8-billion rupee median estimate of 30 analysts surveyed by Bloomberg News. Shares fell 3.1 percent to 273.6 rupees.
Cosco Pacific Ltd. (1199) (1199 HK): Piraeus Container Terminal SA, the Greek unit of the Hong Kong-based port operator, handled 1.18 million containers in 2011, 73 percent higher from the previous year, according to Piraeus Port Authority SA. Cosco Pacific added 0.5 percent to HK$11.22.
Ginebra San Miguel Inc. (GSMI) : The largest Philippine gin-maker bought East Pacific Star Bottlers Philippines Inc., a maker of alcoholic and non-alcoholic beverages, for 200 million pesos ($4.68 million), a stock exchange filing showed. Ginebra rose 0.2 percent to 23.85 pesos. San Miguel Corp.(SMC PM), parent of Ginebra, was unchanged at 117.80 pesos.
Golden Frontier Bhd. (GFB) : The Malaysian manufacturer of corrugated fiber board cartons said it received a buyout offer from Frontier Equity Sdn. for the rest of the shares it doesn’t already own at 1.50 ringgit a share, according to a statement to the Kuala Lumpur stock exchange. The stock rose 1.7 percent to 1.21 ringgit on Jan. 25 before it was suspended.
MS&AD Insurance Group Holdings (8725), Inc. (8725 JT): The insurer said its investment loss totaled 21 billion yen for the three months ended Dec. 31. MS&AD lost 1.3 percent to 1,520 yen.
Nippon Electric Glass Co. (5214 JT): The company said net income will fall as much as 54 percent to 31.5 billion yen for the fiscal year ending in March amid falling glass prices. The share price dropped 2.2 percent to 744 yen.
NTT Docomo Inc. (9437) (9437 JT): Japan’s biggest mobile carrier cut its full-year net-income forecast 7.8 percent to 474 billion yen due to a rising tax bill after a rate change. The stock fell 0.8 percent to 139,100 yen.
NTPC Ltd. (NTPC) (NTPC IN): India’s largest power producer posted a 10 percent drop in third-quarter net income to 21.3 billion rupees ($431 million), missing the 23-billion rupee median estimate of 29 analysts surveyed by Bloomberg News. Shares slid 0.4 percent to 174.05 rupees.
Omron Corp. (6645) (6645 JT): The factory automation equipment maker lowered its full-year net-income forecast 48 percent to 14 billion yen, citing the yen’s appreciation and a write-down of deferred tax assets. Omron gained 0.2 percent to 1,666 yen.
Tohoku Electric Power Co. (9506 JT): The utility said its full-year loss will widen more than sevenfold to 250 billion yen from a year earlier. The company will not offer a second-half dividend after distributing 20 yen per share in the year-earlier period. The stock rose 0.2 percent to 836 yen.
Yaskawa Electric Corp. (6506) (6506 JT): The industrial robot maker will spend 10 billion yen to build a new factory and reorganize existing plants, according to the company’s Web site. Yaskawa fell 0.7 percent to 683 yen.
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