CSR Corp., Daikin, NTPC, Shibuya Kogyo: 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.
Daikin Industries Ltd. (6367) (6367 JT): The air-conditioning equipment manufacturer was rated neutral plus in new coverage by Hitoshi Ohnishi, an analyst at Iwai Cosmo Securities Co. The stock dropped 0.2 percent to 2,059 yen.
CSR Corp. (1766) (1766 HK): The Chinese train maker said its unit won a contract to supply 50 carriages for a railway line between the southern city of Guangzhou and Hong Kong’s Kowloon district in mid-September. The stock rose 0.7 percent to HK$5.74.
NTPC Ltd. (NTPC) : India’s largest power generator said it scaled back plans to add coal-fired capacity by 42 percent because of a fuel shortage. The state-owned company lowered its target for the five years ending March 2017 to 14,500 megawatts from 25,000 megawatts, Chairman Arup Roy Choudhury said today in New Delhi today. The stock declined 2.1 percent to 154.3 rupees, the most in a month.
Shibuya Kogyo Co. (6340) (6340 JT): The company, which manufactures machines for bottling, packaging, and loading, cut its full-year earnings forecast by 67 percent. The stock advanced 1 percent to 876 yen.
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