Asian stock review for august 16 2011

Indonesia stock info - Asian stock review for august 16 2011 ; The following companies may have unusual price changes today in Asian trading, excluding Japan. Stock symbols are in parentheses and share prices are from the previous close, unless noted otherwise.

DMCI Holdings Inc. (DMC PM) :
The largest Philippine construction company's second-quarter profit increased to 3.01 billion pesos ($71 million) from 2.77 billion pesos a year earlier, a stock-exchange filing showed. The stock rose 0.1 percent to 41.20 pesos.

HTC Corp. (2498 TT) :
Asia's second-largest handset producer by market value reiterated its third-quarter shipment and revenue forecast at a briefing organized by the Taiwan stock exchange. Third-quarter revenue will be about NT$137 billion ($4.74 billion), with shipments rising to 13.5 million units, the Taoyuan, Taiwan-based company said in a statement. The stock rose 3.4 percent to NT$827.

Hyundai Motor Co. (005380 KS) :
South Korea's biggest carmaker may start making i10 minicars at its plant in Izmit in northwestern Turkey, in addition to i20 small cars, Sabah reported, citing Allan Rushforth, chief operating officer for Hyundai Europe. Hyundai may invest 400 million euros ($572 million) to expand production capacity to 200,000 units at its Turkish plant to make 80,000 i10s and 120,000 i20s to export to Europe, according to the Istanbul-based newspaper. The stock fell 4.6 percent to 188,000 won on Aug. 12.

Hyundai Securities Co. (003450 KS) :
The company plans to buy back 3.4 million shares, according to a regulatory filing. The stock gained 1.3 percent to 9,950 won on Aug. 12.

JG Summit Holdings Inc. (JGS PM) :
The owner of the largest Philippine budget carrier posted a 26 percent decline in first- half net profit to 5.98 billion pesos from 8.10 billion pesos a year earlier, a stock-exchange filing showed. Cebu Air Inc. (CEB PM), the airline owned by JG Summit, reported a 22.9 percent drop in profit to 2.44 billion pesos, it said. JG Summit was unchanged at 24.55 pesos. Cebu Air fell 0.4 percent to 80.35 pesos.

Jollibee Foods Corp. (JFC PM) :
The largest Philippine restaurant-operator said second-quarter profit fell 6.8 percent to 693 million pesos as price adjustments and cost improvement "were not yet sufficient to cover the increase in the prices of raw materials and other costs of operations." The stock declined 0.6 percent to 85.10 pesos.

Ten Network Holdings Ltd. (TEN AU) :
The Australian broadcaster expects group EBITDA pre-non recurring items of about A$171 million ($178 million) in the year ending Aug. 31. The stock rose 0.6 percent to 92 Australian cents.

Related Post: