Bloomberg News

Aeon Fantasy, Godrej, Park24, Sharp Corp.: Asia Stocks Preview

December 15, 2011

Dec. 15 (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 latest close. The information in each item was released after markets shut unless stated otherwise.

Aeon Fantasy Co. (4343 JT): The amusement park operator raised its full-year net-income forecast 6.7 percent to 1.6 billion yen ($21 million) on better-than-expected sales. The stock fell 0.7 percent to 1,202 yen.

Ayala Corp. (AC PM): The owner of the largest Philippine developer may bid for two more road projects including a highway that will connect the toll roads that run north and south of Manila, Managing Director Eric Francia said. The group may bid for the contract to operate and manage an airport in Cagayan de Oro, Francia also said. The stock increased 1.4 percent to 297 pesos.

Areva T&D India Ltd. (ATD IN): The maker of power transmission equipment was raised to “buy” from “outperform” at Batlivala & Karani Securities by analyst Renu Baid. The target price is 180 rupees per share. Shares slid 0.7 percent to 149.2 rupees.

All About Inc. (2454 JQ): Dai Nippon Printing Co. (7912 JT), will buy a 32.1 percent stake in All About, an operator of informational Internet sites, from Recruit Co. (RCRITZ JP) and Yahoo Japan Corp. (4689 JT), according to a statement. All About fell 0.3 percent to 29,920 yen. Dai Nippon slid 1 percent to 759 yen, while Yahoo Japan lost 0.6 percent to 24,500 yen.

Godrej Properties Ltd. (GPL IN): The Indian real-estate development company started home sales in two new towers in its Godrej Garden City project in Ahmedabad, according to an e- mailed statement. Shares dropped 3.2 percent to 649.75 rupees.

Maruzen CHI Holdings Co. (3159 JT): The bookstore chain widened its forecast full-year loss to 3.25 billion yen from 2.4 billion yen, citing slumping same-store sales. Shares sank 4.2 percent to 226 yen.

Mitsui Engineering & Shipbuilding Co. (7003 JT), Toda Kogyo Corp. (4100 JT): The companies will build a facility in Chiba prefecture, near Tokyo, to make materials for lithium-ion batteries, Toda Kogyo said on its website. Mitsui Engineering slid 2.4 percent to 124 yen, while Toda Kogyo lost 3.1 percent to 617 yen.

Nippon Sheet Glass Co. (5202 JT): The glassmaker will delay its planned production expansion in Vietnam after “reviewing market demand,” it said on its website. The stock fell 2 percent to 146 yen.

PT Medco Energi Internasional (MEDC IJ): Indonesia’s biggest listed oil company expects to start producing coal in February with output to reach 45,000 tons a month in June, President Director Lukman Mahfoedz said. Saratoga Capital will buy a 51 percent stake in Medco’s power unit, Mahfoedz also said. Medco fell 4.1 percent to 2,325 rupiah.

Pacific Metals Co. (5541 JT): The ferronickel producer will pay 3 billion yen for a 3.4 percent stake in Singapore-based Strand Minerals Indonesia Pte (3203834Z IJ) from Mitsubishi Corp. (8058 JT), according to statement. Pacific Metals slumped 4.5 percent to 383 yen. Mitsubishi slid 3.6 percent to 1,555 yen.

Park24 Co. (4666 JT): The parking-lot operator forecast full-year net income to surge 38 percent to 9 billion yen with a 12 percent rise in sales, Park24 said in a release. The stock slipped 1.2 percent to 940 yen.

Singapore Airlines Ltd. (SIA SP): The world’s second- biggest carrier by market value, said passenger load factor in November fell to 75.2 percent from 78.9 percent a year earlier as its carried fewer passengers and capacity grew. The stock gained 0.9 percent to S$10.20.

Sharp Corp. (6753 JT): Fitch Ratings cut Sharp’s credit rating to BBB- from BBB with a “stable” outlook, citing slowing electronics demand in the U.S. and Europe, the company’s unprofitable solar business and difficulties turning around its LCD operations. Sharp fell 2 percent to 691 yen.

Sony Corp. (6758 JT): The world’s second-largest maker of video-game consoles said its new PlayStation Vita portable player had sold out in advance orders in Japan. “There were lines to make reservations for the machine at retailers,” Andrew House, chief executive officer of Sony Computer Entertainment, told reporters in Tokyo. He declined to provide the number of orders. The stock fell 1.5 percent to 1,345 yen.

Unicharm Corp. (8113 JT): The diaper maker cut its full- year net-income forecast 36 percent to 22.4 billion yen, citing higher corporate taxes from a change in accounting methods. Shares rose 1 percent to 3,630 yen.

Vantec Corp. (9382 JT), Hitachi Transport System Ltd. (9086 JT): Hitachi Transport will make Vantec a wholly owned subsidiary, the companies said in a release. Vantec, a provider of logistics and supply-chain services, fell 0.4 percent to 146,900 yen. Hitachi Transport lost 2 percent to 1,280 yen.

W-Scope Corp. (6619 JT): The producer of materials used in lithium-ion batteries will start trading on the Tokyo Stock Exchange’s Mothers market on Dec. 16. The initial offering price was 2,500 yen per share.

Yakult Honsha Co. (2267 JT): The beverage maker will build a plant in Japan’s Okayama prefecture, the company said in a release. Production at its Osaka and Kobe sites will be consolidated at the new factory. The stock slipped 0.9 percent to 2,319 yen.

--With assistance from Shikhar Balwani in Mumbai, Jonathan Burgos in Singapore, Berni Moestafa in Jakarta and Ian Sayson in Manila. Editor: Ravil Shirodkar

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net

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


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