Bloomberg News

Korea Gas, Nissan, Nomura, Asia Cement: Asia Stocks Previ

June 29, 2012

The following companies may have unusual price changes in Asian trading on July 2.

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.

Asia Cement China Holdings Corp. (743) (743 HK): The cement maker said it expects “substantially lower” profit for the six months ended June 30 from a year earlier. The stock rose 1.5 percent to HK$3.43.

Astellas Pharma Inc. (4503) (4503 JT): The company won approval from the U.S. Food and Drug Administration for an overactive bladder treatment aimed at an estimated 33 million Americans who suffer from the condition. The stock gained 1.8 percent to 3,465 yen.

Crompton Greaves Ltd (CRG):: The Indian electrical equipment maker will cut 260 jobs and will optimize operations in Belgium to reduce costs, the company said in an exchange filing today. The stock gained 1.1 percent to 121.1 rupees.

Evergrande Real Estate Group Ltd. (3333) (3333 HK): The builder’s outlook was revised to negative from stable by Standard & Poor’s, citing possible “curtailed access to funding and higher financing costs following fraud allegations.” The stock gained 0.5 percent to HK$3.93.

Nissan Motor Co. (7201) (7201 JT): The Japanese automaker and Daimler AG agreed to jointly supply each other light-duty trucks in Japan. Nissan rose 1.9 percent to 748 yen.

Nomura Holdings Inc. (8604) (8604 JT): The Japanese brokerage involved in a government crackdown on insider trading said it will cut top executives’ pay and suspend some sales businesses following an internal probe into information leaks. The shares advanced 3.9 percent to 2994 yen.

Dong-A Pharmaceutical Co. (000640) (000640 KS): The company plans to buy back 250,000 shares, according to a regulatory filing. The South Korean maker of pharmaceutical products slipped 0.4 percent to 84,000 won.

Korea Gas Corp. (036460) (036460 KS): South Korea will raise gas prices by 4.9 percent on average for households and businesses from June 30, the Ministry of Knowledge Economy said in an e- mailed statement. Korea Gas, the world’s biggest importer of liquefied natural gas, added 0.4 percent to 40,500 won.

Woongjin Coway Co. (021240) (021240 KS): GS Retail Co. (007070 KS) submitted a bid for a stake in Woongjin Coway, according to separate filings. Woongjin Coway, a South Korean maker of water purifiers, added 0.7 percent to 35,600 won. GS Retail rose 0.6 percent to 23,900 won.

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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