Bloomberg News

China Shenhua, Elpida, Goldwind, Qantas: Asia Stock Preview

October 19, 2011

Oct. 19 (Bloomberg) -- The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices are as of the last close. The information in each item was released after markets shut unless stated otherwise.

China coal producers: China’s Bohai-Rim Steam-Coal Price index, which tracks power-station coal prices at six ports, rose 0.6 percent from a week earlier to 847 yuan a metric ton, the Qinhuangdao Seaborne Coal Market website said today.

China Shenhua Energy Co. (601088 CH) added 0.8 percent to 25.24 yuan. Yanzhou Coal Mining Co. (600188 CH) declined 0.6 percent to 27.14 yuan.

Japan semiconductor-related shares: Japan’s September chip- equipment orders declined 38 percent from a year ago to 79.5 billion yen ($1 billion), according to a report on the website of the Semiconductor Equipment Association of Japan.

Dainippon Screen Manufacturing Co. (7735 JT), a maker of systems for semiconductors, sank 2.4 percent to 568 yen. Elpida Memory Inc. (6665 JT), a maker of computer-memory chips, slid 5.3 percent to 486 yen.

Thailand flood-impacted companies: Thailand’s worst floods in five decades have closed factories and disrupted supply chains for manufacturers.

AT Systematization Bhd. (ATSY MK): The Malaysian industrial automation systems manufacturer temporarily shut down its Thai manufacturing facilities as its employees were unable to turn up for work because of flooding, according to a stock exchange filing. The stock was unchanged at 6.5 sen. Kubota Corp. (6326 JT), a Japanese maker of industrial machinery said operations were halted at three plants in Thailand.The stock gained 1.2 percent to 616 yen.

Carmaker Mitsubishi Motors Corp. (7211 JT) will suspend all Thai output until Oct. 22, according to spokesman Kai Inada. The stock was unchanged at 103 yen. Shin-Etsu Chemical Co. (4063 JT), the chemical products and electronic materials producer, said it halted production at a Thai plant and will make up for the lost production at other plants, such as in Malaysia. The stock fell 0.3 percent to 3,945 yen.

Wind power companies: China should install 200 million kilowatts of wind power capacity by 2020, Wang Zhongying, deputy director of the National Development and Reform Commission’s Energy Research Institute, said in Beijing today. The Asian nation should have 1 billion kilowatts by 2050, providing 17 percent of its total power generation capacity, Wang said.

Sinovel Wind Group Co. (601558 CH) lost 1.4 percent to 20.60 yuan. Xinjiang Goldwind Science & Technology Co. (2208 HK) dropped 1.2 percent to HK$4.07.

Bajaj Finserv Ltd. (BJFIN IN): The Indian financial services company’s second-quarter group profit more than doubled to 1.58 billion ($32 million) rupees from 694 million rupees in the same quarter last year, according to an exchange filing. Shares climbed 3.3 percent to 545.25 rupees.

PT Bank Mandiri (BMRI IJ): The company’s lending in the nine months to September rose 27 percent on a year-on-year basis, Zulkifli Zaini, president director at Indonesia’s biggest bank by assets, said. Mandiri, a state-owned lender, will also likely ask the government for a lower dividend payout compared with last year’s ratio of 35 percent to support lending growth, Zaini said. Mandiri advanced 3.1 percent to 6,600 rupiah.

Hana Financial Group Inc. (086790 KS): The company didn’t offer a new price to buy Korea Exchange Bank from Lone Star Funds, Hana spokesman Lee Jung Dae said. Lee denied an Edaily report Hana proposed to cut the price of Korea Exchange Bank by 920 billion won ($812 million). Hana, a South Korean financial company, retreated 1.8 percent to 37,600 won.

Hanjin Shipping Co. (117930 KS): Hanjin Shipping Holdings Co. will buy about 13.4 million Hanjin Shipping Co. shares for 100.4 billion won, according to a regulatory filing. Hanjin Shipping slipped 0.5 percent to 10,000 won.

Hua Yang Bhd. (HYB MK): The Malaysian property developer’s profit in the second quarter ended Sept. 30 more than tripled from a year earlier to 13.9 million ringgit ($4.5 million), according to a company statement. The stock gained 2.6 percent to 1.60 ringgit.

Keppel Land Ltd. (KPLD SP): The real estate unit of Keppel Corp. (KEP SP) said third-quarter net income increased to S$58 million ($46 million), compared with S$54.4 million a year earlier. Keppel Land rose 1.5 percent to S$2.73.

Mixi Inc. (2121 JT): The operator of Japan’s largest online social-networking service said it plans to set up a unit in the U.S. as it seeks overseas investments and alliance. The stock sank 4.4 percent to 237,100 yen.

Orica Ltd. (ORI AU): Shares of the explosives maker was downgraded to “buy” from “strong buy” at BBY Ltd. The shares gained 0.3 percent to A$24.65.

Qantas Airways Ltd. (QAN AU): Australia’s largest airline said the Transport Workers Union rejected its latest offer to boost pay to baggage handlers, catering crew and ground staff. The shares rose 1.7 percent to A$1.485.

Rallis India Ltd. (RALI IN): Agrochemicals maker controled by India’s Tata Group reported profit climbed to 618.6 million rupees in the quarter ended Sept. 30, less than the Bloomberg consensus mean estimate of 681.5 million rupees. The shares rose 0.2 percent to 172.4 rupees, ending three days of losses.

Shinyoung Securities Co. (001720 KS): The South Korean brokerage plans to buy back 100,000 shares to stabilize its stock price, according to a regulatory filing. The stock added 0.6 percent to 27,450 won.

Singapore Technologies Engineering Ltd. (STE SP): Asia’s biggest aircraft maintenance company by sales said its ST Aerospace unit won contracts worth S$453 million. The stock added 0.4 percent to S$2.82.

--With assistance from Jonathan Burgos in Singapore, Chan Tien Hin in Kuala Lumpur, Berni Moestafa in Jakarta, Irene Shen in Shanghai, Saeromi Shin in Seoul, Shani Raja in Sydney and Nick Gentle in Hong Kong. Editors: Nick Gentle, Ravil Shirodkar

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net


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