Bloomberg News

CSI, NTT DoCoMo, Seven & I, Tata Motors: Asia Stocks Prev

June 27, 2012

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.

China Petroleum & Chemical Corp. (600028) (386 HK): The refiner known as Sinopec plans to process 54.5 million metric tons of crude in the third quarter, 1.6 percent less than a year earlier, Oilchem.net said on its website, citing unidentified people with the company. The stock rose 0.2 percent to HK$6.80.

CSI Properties Ltd. (497) (497 HK): The property trading and management company said its profit for the year ended March 31 more than doubled to HK$1.75 billion ($226 million) from a year earlier. The stock slid 1.6 percent to 31.5 Hong Kong cents.

NTT DoCoMo Inc. (9437) (9437 JT): The company, Japan’s biggest mobile-phone operator, was raised to neutral plus from neutral at Iwai Cosmo Securities Co. with share-price target of 140,000 yen. The shares gained 0.9 percent to 128,700 yen.

Seven & I Holdings Co. (3382) (3382 JT): The company will close two department stores, one each in Shizuoka and Hiroshima. There will be minimal impact on earnings, Seven & I said in a statement. The shares climbed 2.7 percent to 2,341 yen.

Tata Motors Ltd. (TTMT) : India’s largest truckmaker will close its plant in Jamshedpur for three days starting tomorrow, spokesman Debasis Ray said by phone. Shares slumped 3 percent to 239.2 rupees, the most since June 14.

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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