Bloomberg News

Benguet, Duta Pertiwi, OCBC, Posco: Asia Ex-Japan Equity Preview

September 13, 2011

Sept. 14 (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.

Benguet Corp. (BC PM): The Philippine mining company is “in a shopping mode” and is looking for local and overseas opportunities, President Benjamin Philip Romualdez said. The miner expects to be debt-free next year, he said. Benguet Class A shares, which are reserved for Filipinos, were unchanged at 27.90 pesos. Its Class B shares (BCB PM), which have no ownership restrictions, gained 0.5 percent to 27.80 pesos.

PT Duta Pertiwi Nusantara (DPNS IJ): The Indonesian producer of glue and chemical products discovered potential coal reserves of 150 million to 200 million tons following a survey of a 500-hectare area in Jambi province, President Director Siang Hadi Widjaja said. Duta Pertiwi gained 25 percent to 710 rupiah.

Jolliville Holdings Corp. (JOH PM): Calapan Ventures Inc. will sell 42.16 million shares in an initial public offering at a price ranging between 2 pesos and 2.5 pesos each, according to a stock-exchange filing. The company will use the proceeds to rehabilitate and expand a water-utility venture. Jolliville, which owns 36.9 percent of Calapan Ventures, sank 23 percent to 2.70 pesos.

MacroAsia Corp. (MAC PM): The Philippine provider of in- flight catering services bought back 50,000 shares at 3.45 pesos each, a stock-exchange filing showed. The stock increased 1.2 percent to 3.45 pesos.

Oversea-Chinese Banking Corp. (OCBC SP): All customer data was protected with “appropriate security measures” during today’s disruption of automated-teller machine, Internet and mobile-phone banking services, David Conner, chief executive officer of Oversea-Chinese Banking Corp., Singapore’s second- biggest bank, said in an e-mailed statement. The shares fell 0.2 percent to S$8.24.

Posco (005490 KS): South Korea’s biggest steelmaker said its nickel imports from New Caledonia have not been affected by a labor strike. The strike has blocked one of three ports, Choi Doo Jin, a spokesman for Posco, said by phone. Posco dropped 3.1 percent to 416,000 won.

Vista Land & Lifescapes Inc. (VLL PM): The Philippine homebuilder bought back 300,000 shares at 3.05 pesos each, a stock-exchange filing showed. The stock decreased 1.6 percent to 3.05 pesos.

--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 anguyen@bloomberg.net.

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


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