The following stocks may rise or fall in Asian markets, excluding Japan. This preview includes news that broke after markets closed. Prices are from the local market's last close. Stock symbols are in parentheses after company names.
Indonesia's stock market will be closed for a public holiday.
Advanced Semiconductor Manufacturing Corp. (3355 HK): The Chinese chipmaker partly owned by NXP BV posted a first-quarter loss on lower prices for its semiconductors. The loss was 37.5 million yuan ($4.89 million), compared with profit of 12.1 million yuan a year earlier, the company said. The stock rose 1 cent, or 1.2 percent, to 82 Hong Kong cents.
Airasia Bhd. (AIRA MK): Thai AirAsia Co., a joint venture between AirAsia of Malaysia and Shin Corp. of Thailand, may raise its fuel surcharge if oil prices remain high in the next two months, Thai AirAsia Chief Executive Officer Tassapon Bijleveld said. AirAsia Bhd., Southeast Asia's largest budget carrier, lost 1 sen, or 0.5 percent, to 2.04 ringgit.
Aluminum Corp. of China Ltd. (2600 HK): The company and Aricom Plc, a U.K. miner of iron ore and titanium in Russia, will build a 2.2 billion-yuan ($287 million) titanium plant in northern China, said Aluminum Corp., which is China's biggest producer of the metal. The refinery will be capable of making 30,000 metric tons of titanium sponge a year, said Aluminum Corp., also known as Chalco. The stock lost 8 cents, or 0.7 percent, to HK$10.76.
China Aviation Oil (Singapore) Corp. (CAO SP): The Singapore-based company, which sought protection from creditors in 2004 after a trading scandal, fully repaid $73.3 million of outstanding debt four years earlier than scheduled, it said in a statement to the Singapore Exchange. China Aviation fell 6 cents, or 3.1 percent, to S$1.91.
First Gen Corp. (FGEN PM): The largest publicly traded Philippine power producer may raise $200 million through loans or bonds by the third quarter to fund power plant purchases, Chief Financial Officer Francis Giles Puno told reporters in Manila. First Gen rose 50 centavos, or 0.9 percent, to 59 pesos.
Korea Gas Corp. (036460 KS): The South Korean company will spend 83 billion won ($89 million) to buy stakes in three projects owned by Italy's Eni SpA, it said in a regulatory filing. Korea Gas, the world's largest buyer of liquefied natural gas, added 50 won, or 0.1 percent, to 41,000.
Philippine Long Distance Telephone Co. (TEL PM): The Philippines' largest phone company may buy back shares or pay a special cash dividend if it can't find a large enough investment to spend its cash on, company president Napoleon Nazareno said. Philippine Long Distance, also known as PLDT, fell 20 pesos, or 0.8 percent, to 2525.
SM Investments Corp. (SM PM): The owner of largest Philippine mall operator, grocer and department store may sell 6 billion pesos ($128 million) of bonds as early as this quarter to help it fund this year's 20 billion peso capital expenditure, SM Investments Chief Financial Officer Jose Sio said. SM Investments rose 15 pesos, or 3.7 percent, to 417.50.
豫公网安备41010502003434号