Anicom, Dairy Farm, Fortis, Hongkong, Ito En, Toyota: 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.
Anicom Holdings Inc. (8715) (8715 JT): Anicom’s shares declined after Sony Assurance Inc. bought 6.5 percent of the pet health insurer. Sony Assurance also plans to acquire options that could raise its stake to 7.2 percent. Anicom lost 0.5 percent to 637 yen.
Dairy Farm International Holdings Ltd. (DFI) : The operator of groceries and drug stores that gets about half of sales in North Asia said full-year underlying profit increased 16 percent to $474 million. The shares added 0.7 percent to $10.33.
Fortis Healthcare India Ltd. (FORH) : India’s second- biggest hospital company plans to raise about S$500 million ($400 million) in an initial public offering in Singapore later this year, according to two people with knowledge of the matter. The shares were little changed at 108.75 rupees.
Hongkong Land Holdings Ltd. (HKL) : One of the biggest office landlords in the Chinese territory said full-year underlying profit fell 13 percent to $703 million. The stock lost 0.2 percent to $5.52.
Pacific Basin Shipping Ltd. (2343) (2343 HK): The marine transportation provider said net income for the year ended Dec. 31 fell to $32 million from $104 million a year earlier on drop in daily earnings and operating cashflow. The stock was unchanged at HK$4.04.
Yuexiu Property Co. (123 HK): The property developer said net income for the year ended Dec. 31 jumped to 5.14 billion yuan from 919 million yuan a year earlier. The stock fell 3.2 percent to HK$1.51.
Ito En Ltd. (2593) (2593 JT): The tea company said net income fell 1.3 percent to about 7 billion yen ($86 million) for the nine months through January, citing demand for lower prices. Ito En forecast net income of 8 billion yen for the year ending April 30. The stock rose 0.9 percent to 1,362 yen.
Toyota Motor Corp. (7203) (7203 JT): Asia’s biggest carmaker plans to manufacture key parts for hybrid vehicles in China next year, Beijing Times reported, citing Tadashi Yamashina, general manager of Toyota’s China R&D center. China will manufacture small hybrid vehicles starting in 2015, the report says. The stock dropped 0.6 percent to 3,335 yen.
Yahoo Japan Corp. (4689) (4689 JT): The Internet company named Manabu Miyasaka as president and chief executive officer to replace Masahiro Inoue, who is stepping down in June, according to a statement. The stock slid 0.5 percent to 25,570 yen.
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