Bloomberg News

China Merchants, Evergrande, PLDT: Asia Ex-Japan Equity Preview

August 30, 2011

Aug. 31 (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.

China Merchants Holdings International Co. (144 HK): The company’s talks on an investment in a container terminal in Vietnam have halted amid a territorial dispute, Managing Director Hu Jianhua told reporters in Hong Kong yesterday. The stock rose 2.7 percent to HK$24.65.

Evergrande Real Estate Group Ltd. (3333 HK), China’s second-biggest developer by sales, said first-half underlying profit rose 148 percent after selling more housing units. Profit excluding the revaluation of investment properties climbed to 4.81 billion yuan ($754 million) from 1.94 billion yuan a year earlier, the company said in a Hong Kong stock exchange statement yesterday. The stock added 3.6 percent to HK$4.62.

Philippine Long Distance Telephone Co. (TEL PM): The Philippines will prevent a monopoly in the telecommunications sector as it is seeks to “resolve” issues related to the plan of Philippine Long Distance Telephone Co. to acquire Digital Telecommunications Phils. Inc., President Benigno Aquino told local radio on Aug. 29. The stock lost 0.5 percent to 2,342 pesos on Aug. 26.

Simplo Technology Co. (6121 TT): The company forecast sales of NT$13.6 billion ($468 million) to NT$13.8 billion this quarter with pre-tax profit of NT$1.16 billion to NT$1.19 billion, the Hsinchu, Taiwan-based company said in an exchange filing yesterday. The stock added 6.8 percent to NT$211.

Swift Foods Inc. (SFI PM): The Philippine poultry raiser will lease its farms in Tanay and Salikneta to a grower, a stock-exchange filing showed. The company said in July 29 that it shut the farms to “eradicate” Newcastle’s disease. The stock declined 2.9 percent to 17 centavos on Aug. 26. The stock dropped 2.9 percent to 0.17 pesos on Aug. 26.

--Editor: John McCluskey.

To contact Bloomberg News staff for this story: Irene Shen in Shanghai at ishen4@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.


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