The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.
The Hang Seng Index climbed 1.8 percent to 23,637.39. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, gained 2.3 percent to 13,168.49.
China’s food and beverage stocks: Nomura Holdings Inc. said it’s “bullish” on the outlook for these shares in 2011, and that “market leaders” will be able to pass on higher costs by raising their selling prices.
The brokerage upgraded China Mengniu Dairy Co. （2319 HK）, Want Want China Holdings Ltd. （151 HK） and Tingyi （Cayman Islands） Holding Corp. （322 HK） to “buy” from “neutral,” according to a report.
Mengniu, a dairy-product manufacturer, jumped 4.1 percent to HK$21.75. Want Want, a maker of rice cakes and flavored milk, slid 0.2 percent to HK$6.50. Tingyi, China’s biggest maker of packaged food, gained 2.5 percent to HK$18.90.
Air China Ltd. （753 HK）: The world’s largest carrier by market value said its board approved the purchase of 20 passenger aircraft from France’s Airbus SAS. The Chinese company will buy 10 A330 and 10 A350 planes with a total list price of $4.5 billion, Air China said. The stock surged 4 percent to HK$10.26.
Aluminum Corp. of China Ltd. （2600 HK）: Global aluminum prices are likely to rise in the next 10 years as demand exceeds supply, according to Klaus Kleinfeld, the chief executive officer of Alcoa Inc., the Financial Times reported. Aluminum Corp., China’s biggest maker of the lightweight metal, known as Chalco, advanced 2.9 percent to HK$7.21.
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