Cathay Pacific, NTT DoCoMo, Tencent: 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.
Alps Electric Co. (6770) (6770 JP): The maker of electronic parts for cars was cut to “neutral” from “outperform” by Macquarie Securities Ltd. Its shares rose 3.8 percent to 760 yen.
Cathay Pacific Airways Ltd. (293) (293 HK): Asia’s largest international carrier expects air-cargo demand to be weak for the next few months, Chief Operating Officer Ivan Chu said. The stock slid 2.8 percent to HK$15.14.
Inpex Corp. (1605) (1605 JT): Japan’s biggest energy explorer announced it was awarded a license to produce natural gas at the Ichthys project off the coast of Western Australia. The stock climbed up 0.2 percent to 565,000 yen.
Nissan Shatai Co. (7222) (7222 JT): The designer and assembler of automobiles for Nissan Motor Co. may sell the site of its halted factory in Kanagawa, according to a filing. The stock rose 1 percent to 836 yen.
NTT DoCoMo Inc. (9437) (9437 JT): Japan’s biggest mobile-phone carrier announced that it passed the 60 million mark for cellular subscribers. The company’s shares edged up 0.1 percent to 141,100 yen.
Sharp Corp. (6753) (6753 JT): The consumer electronics maker named Takashi Okuda as its new president after forecasting a record annual loss amid slumping prices for its Aquos televisions. The stock rose 4.3 percent to 531 yen.
Tencent Holdings Ltd. (700) (700 HK FA Financial Analysis): The Chinese Internet company said fourth-quarter profit rose 15 percent to 2.54 billion yuan ($401 million). The stock rose 0.1 percent to HK$200.60.
Wipro Ltd. (WPRO) : The Azim Premji Foundation set 418 rupees apiece as minimum price for the shares in India’s third biggest software exporter, exchange data show. The offer was 71 percent subscribed when trading ended at 3:30 p.m. in Mumbai. Founder Azim Premji controlled 79 percent of the company at the end of December, data compiled by Bloomberg show. The stock lost 1.1 percent to 426.05 rupees.
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