Loh & Loh, PTT, Samsung SDI, Wharf: Asia Ex-Japan Stock Preview

The following stocks may have unusual price changes in Asian markets, excluding Japan, on Nov. 12. Prices are from the local market's last close. Stock symbols are in parentheses after company names.

Banpu Pcl (BANPU TB): The biggest coal miner in Thailand said third-quarter profit doubled to 1.72 billion baht ($51 million) from a year earlier on higher earnings from a power- producing unit and increased coal sales. The result beat the 1.6 billion baht profit estimated by analysts in Bloomberg's survey. The stock dropped 8 baht, or 1.9 percent, to 404.

China Resources Power Holdings Co. (836 HK): The third- largest Hong Kong-listed Chinese generator by market value said it increased electricity production by 83.5 percent in October as capacity expanded. The stock fell HK$1.15, or 4.2 percent, to HK$26.15.

Loh & Loh Corp. (LLHL MK): The Malaysian construction company said Binary Bestari agreed to buy a 46 percent stake from its shareholder Vital Achievement Sdn. for 3.60 ringgit a share and will make an offer for the rest of the company at the same price. The stock, suspended at 4.12 ringgit on Nov. 6, will resume trading.

Megaworld Corp. (MEG PM): The second-largest Philippine developer by market value said third-quarter profit rose 29 percent to 844.3 million pesos ($20 million) as demand increased for homes and offices. The stock fell 0.10 peso, or 2.4 percent, to 4.10 pesos.

PTT Pcl (PTT TB): Thailand's biggest energy company said third-quarter profit increased 0.8 percent to 24.5 billion baht. That trailed the 24.6 billion baht expected by analysts in a Bloomberg survey. The stock rose 4 baht, or 1 percent, to 400.
asr-finance.com