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RHB Capital, Rio Tinto, Waterland: Asia Ex-Japan Equity Preview

June 05, 2011

June 6 (Bloomberg) -- The following companies may have unusual price changes today in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise. Markets in China, Hong Kong, Taiwan and South Korea are closed for a holiday.

Alliance Global Group Inc. (AGI PM): Kingson Sian, president at the Philippine company that owns Manila’s largest casino, acquired 1.07 million shares, expanding his holdings to 4 million shares, a stock-exchange filing showed. The stock decreased 2.7 percent to 10.10 pesos.

Ayala Land Inc. (ALI PM): Aberdeen Asset Managers Ltd. and Aberdeen Asset Management Asia Ltd. bought a net 11.95 million shares in Ayala Land last month, boosting their combined holdings in the largest Philippine builder to 30.2 percent, a stock-exchange filing showed. The stock retreated 0.3 percent to 15.56 pesos.

Mudajaya Group Bhd. (MDJ MK): The Malaysian builder said it won a 720 million-ringgit ($239 million) deal to design and construct a power plant in the Southeast Asian nation. The Selangor-based company was awarded a sub-contract by CMC Machipex Sdn. for the Manjung No. 4 Power Plant, it said in a stock exchange filing. Mudajaya rose 0.2 percent to 4.60 ringgit.

RHB Capital Bhd. (RHBC MK): The Malaysian lender said it submitted an application to the country’s central bank to begin separate merger negotiations with Malayan Banking Bhd. (MAY MK) and CIMB Group Holdings Bhd. (CIMB MK), according to an exchange filing. RHB Capital climbed 0.1 percent to 9.98 ringgit. Malayan Banking, the nation’s biggest lender by assets, was unchanged at 8.72 ringgit and CIMB Group advanced 0.2 percent to 8.34 ringgit.

Rio Tinto Group (RIO AU): The world’s second-largest mining company by sales submitted its plans to meet a Zimbabwe ownership law on May 9 and is “hopeful” the proposal will be accepted, said Niels Kristensen, managing director of the company’s operations in the country. Rio Tinto fell 0.4 percent to A$79.76.

--With assistance from Ian C. Sayson in Manila. Editor: John McCluskey.

To contact the reporter on this story: Berni Moestafa in Jakarta at

To contact the editor responsible for this story: Darren Boey at

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