Aug. 2 (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.
Globe Telecom Inc. (GLO PM): The second-largest Philippine provider of mobile phone services will show it “sustained momentum” and continued to grow “despite intense competition” when it reports second-quarter and first-half earnings on Aug. 9, a stock-exchange filing showed. The stock was unchanged at 959 pesos.
HSBC Holdings Plc (5 HK): Europe’s largest bank said it plans to cut 30,000 jobs by the end of 2013 to control costs. Net income in the six months to June 30 rose to $9.22 billion from $6.76 billion a year earlier, the London-based lender said in a statement. That beat the $7.82 billion median estimate of seven analysts surveyed by Bloomberg. HSBC, whose shares are traded in both Hong Kong and London, added 0.5 percent to HK$76.95.
Kee Tai Properties Co. (2538 TT): Kee Tai sold land in Keelung, northern Taiwan, for NT$4.1 billion ($142 million), the Taipei-based property developer said in an exchange filing. Kee Tai expects to book a profit of NT$3.1 billion from the sale of 31.7 thousand pings of land, it said. Kee Kai gained 5.3 percent to NT$22.85.
PTT Pcl (PTT TB): Thailand’s state-controlled energy company has completed repairs to a natural-gas pipeline that began leaking in late June, and has started testing gas delivery into the system, said Norkun Sitthiphong, permanent secretary at the Ministry of Energy. The gas pipeline may resume its normal capacity of 850 million cubic feet per day if the last round of test runs, scheduled for Aug. 4, is successful, Norkun told reporters. PTT, the nation’s largest energy company, rose 0.9 percent to 350 baht.
Philippine Long Distance Telephone Co. (TEL PM): The nation’s largest company by market value will release second- quarter earnings today. Chairman Manuel Pangilinan said July 20 that second-quarter profit was “okay,” without giving more details. The stock was unchanged at 2,400 pesos.
Pulai Springs Bhd. (PSB MK): The Malaysian hotel operator and developer received a buyout offer at 1.18 ringgit a share from Swift Redeem Sdn., which owns 32 percent of the company, it said in a statement. The stock last traded at 90 sen.
Samsung Electronics Co. (005930 KS): Samsung and affiliates plan to sell a combined 58.7 percent stake in iMarketKorea Co., Samsung Group said in an e-mailed statement. Samsung rose 3.1 percent to 870,000 won.
Waterfront Philippines Inc. (WPI PM): The hotel operator said it isn’t aware of any “undisclosed information” that may have caused the “unusual” increase in its share price. The stock jumped 50 percent to 60 centavos.
--With assistance from Ian Sayson in Manila and Tien Hin Chan in Kuala Lumpur. Editor: John McCluskey.
To contact the reporter on this story: Anuchit Nguyen in Bangkok at firstname.lastname@example.org.
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