Tin quá nóng STB-ANZ

Tin quá nóng STB-ANZ

BoCom, Delong, Telekom Malaysia: Asia Ex-Japan Equity Preview

By Berni Moestafa

Nov. 12 (Bloomberg) -- The following companies may have unusual price changes today in Asia trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.

Australia & New Zealand Banking Group Ltd. (ANZ:AU): Melbourne-based ANZ plans to keep its 10 percent stake in Saigon Thuong Tin Commercial Joint-Stock Bank (STB:VN), Vietnam''s fourth-biggest listed company known as Sacombank. ANZ fell 22 cents, or 1.4 percent, to A$15.68. Sacombank fell 1,100 dong, or 4.8 percent, to 21,900.

Bank of Communications Ltd. (3328:HK): China''s fourth- biggest by value said 478.6 million shares will become freely tradable on Nov. 17 after ending a lockup period. The so-called lockup period for these shares will end Nov. 15, 18 months after they were issued, the Shanghai-based bank said. BoCom, as the bank is also known, fell 21 cents, or 4.3 percent, to HK$4.70.

First Gen Corp. (FGENM): The biggest non-state Philippine power producer said it raised $215 million to repay debt after a unit borrowed $544 million loan from nine creditors, including ING Bank NV. First Gen, which has $400 million of debt due this month, said it will receive 40 percent of the unit''s loan. The stock increased 75 centavos, or 5.4 percent, to 14.75 pesos.

Delong Holdings Ltd. (DLNG:SP): The Chinese steelmaker that may be taken over by Russia''s Evraz Group SA said it may be forced to make provisions in the fourth quarter to account for the declining value of inventories. Delong was unchanged at 90 Singapore cents.

Hong Leong Bank Bhd. (HLBK:MK): Malaysia''s sixth-biggest bank said fiscal first-quarter profit rose 29 percent to 242 million ringgit ($67 million) from a year earlier, boosted by higher net interest income. Revenue climbed 16 percent to 550.1 million ringgit, it said in a statement. Hong Leong Bank lost 10 sen, or 1.9 percent, to 5.05 ringgit.

KT&G Corp. (033780:KS): South Korea''s biggest tobacco company signed a deal with Iran to start producing cigarettes in the Persian Gulf country, Sarmayeh reported, citing an industry official. KT&G fell 100 won, or 0.1 percent, to 86,900.

Megaworld Corp. (MEGM): The third-largest Philippine builder by market value said third-quarter profit rose 27 percent to a record on higher rental income and apartment sales. The stock advanced 1 centavo, or 1.4 percent, to 74 centavos.

Singapore Technologies Engineering Ltd. (STE:SP): Asia''s biggest aircraft maintenance company said its marine unit won a S$200 million ($133 million) contract from a navy in the Asia- Pacific region. Singapore Technologies Engineering fell 11 cents, or 4.5 percent, to S$2.33.

SM Prime Holdings Inc. (SMPHM): The largest Philippine shopping mall operator said third-quarter profit rose 8.5 percent after acquiring malls in China and increasing the space it leases to tenants such as McDonald''s Corp. and Starbucks Corp. The stock fell 10 centavos, or 1.3 percent, to 7.90 pesos.

Telekom Malaysia Bhd. (T:MK): Malaysia''s biggest fixed-line phone operator posted its first quarterly loss since December 2005 because of foreign-exchange losses and it expects 2008 to ``remain challenging.'''' The company posted a loss of 165.8 million ringgit in the third-quarter ended Sept. 30, from a profit of 658.5 million ringgit a year earlier, according to a stock exchange filing. It had a foreign-exchange loss of 195.7 million ringgit compared with a 49 million ringgit gain a year earlier. Telekom was unchanged at 3.30 ringgit.

Vietnam Dairy Products Joint-Stock Co. (VNM:VN): The second- biggest company by market value on the Southeast Asian nation''s main stock exchange said profit in the first 10 months rose 39 percent, buoyed by rising sales. Vinamilk, as the company is known, fell 4,500 dong, or 5 percent, to 85,500.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

http://www.bloomberg.com/apps/news?pid=stocksonmove&refer=&sid=aXXT_F9RWIL0