Asustek, AU Optronics, KDDI, MTR, Shimane, Sumco: Asian 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.
Asustek Computer Inc. (2357) (2357 TT): The computer manufacturer’s February sales jumped 94 percent to NT$27.6 billion ($937 million) from a year earlier, according to a statement to Taiwan’s stock exchange. The stock dropped 0.7 percent to NT$276.
AU Optronics Corp. (2409) (2409 TT): The flat-panel maker’s February sales advanced 3.7 percent to NT$26.7 billion from a year earlier, according to a statement to Taiwan’s bourse. The stock gained 0.7 percent to NT$15.45.
Dr. Ci:Labo Co. (4924) (4924 JT): The cosmetics distributor said net income for the six months ended Jan. 31 rose 4 percent to 3 billion yen ($36.9 million) from a year earlier. The stock gained 1.6 percent to 385,000 yen.
Honghua Group Ltd. (196) (196 HK): The maker of drilling rigs said it plans to acquire 20 percent stake in Youxin Co. for 29 million yuan ($4.6 million). Honghua Group rose 4.6 percent to HK$1.13.
KDDI Corp. (9433) (9433 JT): The mobile-phone operator may not offer the new version of Apple Inc.’s iPad in Japan until at least April due to contract negotiations, the Asahi newspaper reported, citing an unidentified person. Softbank Corp. (9984 JT) will start selling the tablet computer on March 16. KDDI slid 1.1 percent to 526,000 yen, while Softbank gained 0.3 percent to 2,379 yen.
MTR Corp. (66) (66 HK) The provider of public transport services in Hong Kong said net profit for the year ended Dec. 31 rose 22 percent to HK$14.7 billion ($1.9 billion) from a year earlier. The stock gained 0.7 percent to HK$27.45.
Sekisui House Ltd. (1928) (1928 JT): The homebuilder said net income for the year ended Jan. 31 dropped 4.8 percent to 29 billion yen. The stock advanced 1.8 percent to 785 yen.
Shimane Bank Ltd. (7150) (7150 JT): The Japanese regional lender said it will move to the first section of the Tokyo Stock Exchange starting March 15. The company’s shares climbed 1.4 percent to 1,020 yen.
Sumco Corp. (3436) (3436 JT): The silicon wafers maker said its loss for the year ended Jan. 31 widened 29 percent to 84.4 billion yen. The stock rose 4.5 percent to 887 yen.
To contact the reporter on this story: Kana Nishizawa in Hong Kong at firstname.lastname@example.org.
To contact the editor responsible for this story: Nick Gentle at email@example.com