Bloomberg News

Datang, GRUH, Mandhana, Singapore Airlines: Asia Stocks Preview

January 12, 2012

Jan. 12 (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.

Datang International Power Generation Co. (991 HK): The power plant operator said generation in 2011 rose 14 percent from the previous year to 203.7 billion kilowatt hours. The stock gained 0.4 percent to HK$2.57.

GRUH Finance Ltd. (GRHF IN): The Indian provider of home loans and insurance products posted third-quarter profit that rose 33 percent from a year earlier to 233 million rupees. Shares dropped 2 percent to 563.8 rupees.

Mandhana Industries Ltd. (MNDN IN): The Indian garment and apparel maker said tax authorities conducted search operations on the company and its founders. The company has provided all information sought during the process and continues to operate in normal course of business, it said in an exchange filing. Shares added 0.4 percent to 228.8 rupees.

Singapore Airlines Ltd. (SIA SP): The world’s second- biggest carrier by market value said it signed an agreement with SAS AB to boost air services between Singapore and Scandinavia. Singapore Air lost 1.2 percent to S$10.42.

Singapore Telecommunications Ltd. (ST SP): Southeast Asia’s biggest phone company said its group chief executive officer Chua Sock Koong bought an additional 587,000 company shares at S$3.10 each. The stock was unchanged at S$3.11.

Wheelock & Co. (20 HK): The developer won a Tseung Kwan O site tender, Now TV said in a headline, without citing anyone. The stock increased 3.2 percent to HK$21.25.

--Editor: Ravil Shirodkar

To contact the reporters on this story: Shikhar Balwani in Mumbai at sbalwani@bloomberg.net; 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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