Ain Pharmaciez, BGR Energy, Daiwa House: 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.
Ain Pharmaciez Inc. (9627) (9627 JT): The drugstore operator said it expects a 23 percent gain in net income to 6 billion yen ($76 million) on growing sales in the year started May 1. The stock slipped 0.9 percent to 3,955 yen.
BGR Energy Systems Ltd. (BGRL) : The Indian producer of equipment for power and energy industries posted fourth-quarter profit of 671.7 million rupees, exceeding the median estimate of 598.5 million rupees in a Bloomberg News survey of 24 analysts. Shares plunged 6.2 percent to 284.05 rupees.
China Resources Land Ltd. (1109) (1109 HK): The state-owned homebuilder hired banks to help it borrow HK$3 billion ($386 million) syndicated loan, according to a person familiar with the matter. The stock gained 1.1 percent to HK$15.02.
Daiwa House Industry Co. (1925) (1925 JT): The investment rating of the homebuilder was cut to neutral at Credit Suisse Group AG. An economic slowdown in China could hurt shares, and profit growth is poised to slow, analyst Masahiro Mochizuki wrote in a report. The stock fell 0.1 percent to 1,010 yen.
Fuji Kiko Co. (7260) (7260 JT): The auto-parts maker will form a venture in Mexico with Tachi-S Engineering Latin America S.A. de C.V. to expand business in the Americas, according to a statement. The stock added 2 percent to 252 yen.
JX Holdings Inc. (5020) (5020 JT): JX Nippon Oil & Energy Corp., a unit of JX Holdings, will acquire a Japanese gasoline station operator, according to a statement on its website. JX Nippon Oil will buy Ikko and its three group companies on July 2, the release said. The stock lost 1.7 percent to 399 yen.
Nippon Parking Development Co. (2353) (2353 JT): The company slashed its net-income forecast 53 percent to 520 million yen in the year ending July 31, citing a drop in the value of fixed assets. The parking-lot operator boosted its planned full-year dividend to 200 yen per share from 150 yen. The stock gained 2.9 percent to 4,300 yen.
Pasona Group Inc. (2168) (2168 JT): The provider of placement and staffing services forecast a loss of 50 million yen for the year ending May 31, according to a statement, citing a writedown of tax assets. It earlier forecast net income of 650 million yen. The stock fell 2.5 percent to 62,000 yen.
Shandong Weigao Group Medical Polymer Co. (1066) (1066 HK): The medical products maker said profit for the three months ended March rose 16 percent to 214 million yuan ($33.7 million) from a year earlier. The stock declined 1.5 percent to HK$7.88.
Tohoku Electric Power Co. (9506) (9506 JT): The utility hired Daiwa Securities Group Inc. (8601) for a sale of 20 billion yen in five-year bonds that will be offered mainly to individual investors, according to a statement from the financial services provider.
Uchida Yoko Co. (8057) (8057 JT): The office-equipment trader said its loss narrowed to 372 million yen for the nine months ended April 20 from 1.52 billion yen a year earlier, with a 2 percent rise in sales. The stock slid 0.4 percent to 224 yen.
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org