Feb. 2 (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.
Canon Inc. (7751 JT): The world’s biggest camera maker said it will spend as much as 50 billion yen ($660 million) to buy back up to 1.3 percent of its outstanding shares. The stock rose 0.3 percent to 3,280 yen.
Cheil Worldwide Inc. (030000 KS): The South Korean advertising company plans to buy back 1.15 million shares, according to a regulatory filing. The stock fell 0.3 percent to 17,100 won.
Cosmo Oil Co. (5007 JT): The oil refiner expects to break even for the fiscal year ending March 31, citing partial reversal of deferred tax assets. It had earlier forecast net income of 13 billion yen. Shares fell 1.4 percent to 219 yen.
Elpida Memory Inc. (6665 JT): Facing an April debt deadline, the memory-chip maker said it expects to reach agreement with the government and lenders for future support. It also said its loss widened to 42.1 billion yen for the three months ended Dec. 31 from 29.6 billion yen a year earlier. Elpida climbed 4 percent to 337 yen.
GS Engineering & Construction Corp. (006360 KS): The South Korean builder is targeting 16.5 trillion won ($14.7 billion) in new orders in 2012. The stock climbed 2.9 percent to 106,500 won.
GS Retail Co. (007070 KS): The South Korean retailer won’t bid for Himart Co. (071840 KS), according to a regulatory filing. The shares gained 1.1 percent to 23,500 won. Himart advanced 2.1 percent to 83,000 won.
Hanjin Shipping Co. (117930 KS): The South Korean company is seeking to raise rates for cargo hauled to Europe from Asia by $700 per 20-foot container starting March 1, according to an e-mailed statement. The stock fell 0.3 percent to 14,700 won.
Hitachi Ltd. (6501 JT): Third-quarter profit declined as a falling television demand, a strengthening yen and floods in Thailand eroded earnings. Net income was 34.3 billion yen for the three months ended Dec. 31, compared with 62 billion yen a year earlier, the maker of products from nuclear power systems to kitchen appliances said in a statement. The stock fell 2 percent to 399 yen.
Korea Life Insurance Co. (088350 KS): The South Korean insurer is reviewing the feasibility of a possible bid for ING Life Insurance’s Asia Pacific unit, according to a regulatory filing. The shares climbed 1.6 percent to 7,670 won.
Mazda Motor Corp. (7261 JT): The automaker widened its full-year loss forecast to 100 billion yen from 19 billion yen, citing slumping sales in Europe and reversal of deferred tax assets. The stock rose 1.6 percent to 130 yen.
Mitsubishi Materials Corp. (5711 JT): Japan’s third-largest copper producer slashed its full-year net income projection 91 percent to 2 billion yen, while raising its operating profit forecast 16 percent to 52 billion yen. The stock tumbled 5.8 percent to 226 yen.
Nippon Sheet Glass Co. (5202 JT): The glassmaker expects a loss of 2 billion yen for the year ending March 31, citing slumping demand in Europe, after earlier forecasting net income of 15 billion yen. The company also said it will cut 3,500 jobs. The stock slipped 1.3 percent to 150 yen.
Oil & Natural Gas Corp. (ONGC IN): India may auction a part of its stake in the nation’s biggest energy explorer, as it seeks to narrow a budget deficit that has swelled to 92 percent of its annual target in nine months. A panel of ministers considered the option when they met in New Delhi today, Oil Minister S. Jaipal Reddy told reporters. The stock gained 1.4 percent to 276.2 rupees.
Samsung C&T Corp. (000830 KS): The South Korean building company is targeting 16 trillion won in new orders in 2012, according to a regulatory filing. The stock added 1.3 percent to 72,400 won.
Samsung Heavy Industries Co. (010140 KS): The company aims to win $13.7 billion in new orders this year, according to a regulatory filing. The South Korean shipyard advanced 3 percent to 36,700 won.
Singapore Airlines Ltd. (SIA SP): The world’s second- biggest carrier by market value said third-quarter net income declined 53 percent from a year earlier to S$135.2 million ($108.5 million). That compares with the average estimate of S$161.7 million by three analysts in a Bloomberg survey. The shares added 0.4 percent to S$11.
Softbank Corp. (9984 JT): Japan’s third-largest wireless carrier said net income jumped 76 percent to 250.1 billion yen in the nine months ended Dec. 31, buoyed by the sale of Yahoo Inc. shares. Softbank rose 4.3 percent to 2,230 yen.
Sony Corp. (6758 JT): Japan’s largest consumer-electronics exporter more than doubled its forecast for a full-year loss to 220 billion yen, underscoring the challenge for incoming Chief Executive Officer Kazuo Hirai, who will replace Howard Stringer. Sony will close less-competitive businesses and review its portfolio, Hirai said. The stock lost 2.6 percent to 1,328 yen.
Sumitomo Metal Industries Ltd. (5405 JT): Japan’s third- largest steelmaker by market value expects a loss of 55 billion yen in the year ending March 31, citing a drop in the value of its investments. The company cut its planned full-year dividend to 2 yen per share from 3.5 yen. The stock added 0.7 percent to 138 yen.
Sumco Corp. (3436 JT): The silicon wafer maker’s full-year loss amounted to 85 billion yen in the year ended Jan. 31, wider than its 9 billion yen forecast, according to a preliminary earnings statement. Sumco will sell 45 billion yen of preferred shares to companies including Sumitomo Metal Industries and Mitsubishi Materials, according to statement. Sumco plunged 15 percent to 575 yen.
--With assistance from Darren Boey in Hong Kong, Saeromi Shin in Seoul, Jonathan Burgos in Singapore and Santanu Chakraborty in Mumbai. Editor: Jim Powell, Ravil Shirodkar
To contact the reporter on this story: Norie Kuboyama in Tokyo at email@example.com
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org