Bloomberg News

BYD, Kumho Industrial, Taliworks: Asia Ex-Japan Equity Preview

September 06, 2011

Sept. 7 (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.

Alam Maritim Resources Bhd. (AMRB MK): The Malaysian oil and gas services provider won a 220.8 million ringgit ($74 million) contract to supply a vessel and anchor handling tug to ExxonMobil Exploration and Production Malaysia Inc., according to a company statement. Alam Maritim was unchanged at 73 sen.

Boulevard Holdings Inc. (BHI PM): The Philippine property developer’s shares will be suspended from trading for one hour today prior to the company’s release of “price-sensitive information,” a stock-exchange filing showed. The stock rose 5.4 percent to 49 centavos yesterday before the company sought and obtained a voluntary trading halt.

BYD Co. (1211 HK): The Chinese automaker that is part-owned by Warren Buffett’s Berkshire Hathaway Inc. restructured its auto sales division and offered affected employees new positions in the company, said Company Secretary John Lee. Some of the affected staff left as they declined the new assignments, Lee said, without providing details. They weren’t fired, he said in a telephone interview. BYD declined 1.8 percent to HK$15.12.

CME Group Bhd. (CME MK): The Malaysian fire-fighting equipment manufacturer won a 14.3 million-ringgit contract from Petronas Carigali Sdn., according to a stock-exchange filing. CME rose 7.1 percent to 7.5 sen.

Kumho Industrial Co. (002990 KS): The South Korean builder plans to spin off its express bus business, according to a regulatory filing from the company. Kumho Industrial will seek shareholder approval for the plan at the meeting on Oct. 27. The stock retreated 2.3 percent to 7,130 won.

First Philippine Holdings Corp. (FPH PM): The company which has investments in power plants bought back one million shares at 56.70 pesos each, a stock-exchange filing showed. The stock decreased 0.7 percent to 56.70 pesos.

Fu I Industrial Co. (1436 TT): The Taiwanese developer of residential and commercial buildings may gain NT$1.16 billion ($39.9 million) from selling real estate in Taoyuan county, northern Taiwan, for NT$1.48 billion, the company said in a statement to the local stock exchange. The stock advanced 6.2 percent to NT$13.65.

PT Astra International (ASII IJ): The Indonesian company’s unit, Astratel Nusantara, agreed to acquire a 95 percent stake in PT Marga Hanurata Intrinstic, which will operate a 40.5 kilometer (25.2 miles) long toll-road in East Java, Astra said. Astratel will pay PT Natpac Graha Arthamas 750 billion rupiah ($87 million) for the stake, Astra said. Astra, Indonesia’s biggest automotive retailer, rose 1 percent to 68,500 rupiah.

SPC Power Corp. (SPC PM): The Philippine power company said it was the sole bidder for the contract to operate and maintain the government’s 650-megawatt Malaya thermal plant, a stock- exchange filing showed. SPC Power was unchanged at 3.60 pesos on Sept. 5.

Taliworks Corp. (CI MK): The Malaysian water treatment plant operator won a 339.4 million ringgit contract from China International Water and Electric Corp. (M) Sdn. to help expand the Mengkuang Dam in Penang state, it said in a statement. The stock slipped 0.9 percent to 1.12 ringgit when it last traded on Sept. 5.

--With assistance from Chan Tien Hin in Kuala Lumpur and Ian C. Sayson in Manila. Editor: John McCluskey.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

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


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