Nov. 26 (Bloomberg) — The following companies may have unusual price changes in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
AirAsia Bhd. (AIRA MK): Southeast Asia’s largest budget carrier said third-quarter net income more than doubled to 327.3 million ringgit ($104 million) from 130.1 million ringgit a year earlier after it flew more passengers, according to an e-mailed statement from the company today. AirAsia added 4.1 percent to 2.55 ringgit.
Philodrill Corp. (OV PM): Production at the Philippines’ Galo oil field has resumed after suspending output in late October due to a typhoon, shareholder Philodrill said in a stock-exchange filing. The stock was unchanged at 1.4 centavos.
Philex Mining Corp. (PX PM): The largest Philippine metals producer said it agreed to give a three-year, $10 million credit facility to its wholly-owned unit Forum Philippine Holdings Ltd. to help it fund its share in the cost of a gas project. Philex decreased 2.9 percent to 13.60 pesos.
Ruentex Industries Ltd. (2915 TT): The Taiwanese textile maker’s board approved a plan to sell NT$4 billion ($132 million) of unsecured domestic bonds convertible to its shares, the company said in a statement to the Taiwan stock exchange. Proceeds from the five-year securities will be used to repay bank loans, according to the statement. Ruentex was unchanged at NT$94.20.
Telstra Corp. (TLS AU): CSL New World, Telstra’s Hong Kong unit, started a fourth-generation network in the city to meet demand for high-speed wireless services and boost revenue. The network, based on LTE, or Long Term Evolution, technology now covers 50 percent of the city’s population, Joseph O’Konek, chief executive officer at Telstra’s CSL Ltd. unit, said at a briefing. Telstra, Australia’s biggest phone company, rose 3.6 percent to A$2.88.
–With assistance from Ian Sayson in Manila and Tien Hin Chan in Kuala Lumpur. Editor: John McCluskey.
Article via Businessweek
AirAsia Bhd. (AIRA MK): Southeast Asia’s largest budget carrier said third-quarter net income more than doubled to 327.3 million ringgit ($104 million) from 130.1 million ringgit a year earlier after it flew more passengers, according to an e-mailed statement from the company today. AirAsia added 4.1 percent to 2.55 ringgit.
Philodrill Corp. (OV PM): Production at the Philippines’ Galo oil field has resumed after suspending output in late October due to a typhoon, shareholder Philodrill said in a stock-exchange filing. The stock was unchanged at 1.4 centavos.
Philex Mining Corp. (PX PM): The largest Philippine metals producer said it agreed to give a three-year, $10 million credit facility to its wholly-owned unit Forum Philippine Holdings Ltd. to help it fund its share in the cost of a gas project. Philex decreased 2.9 percent to 13.60 pesos.
Ruentex Industries Ltd. (2915 TT): The Taiwanese textile maker’s board approved a plan to sell NT$4 billion ($132 million) of unsecured domestic bonds convertible to its shares, the company said in a statement to the Taiwan stock exchange. Proceeds from the five-year securities will be used to repay bank loans, according to the statement. Ruentex was unchanged at NT$94.20.
Telstra Corp. (TLS AU): CSL New World, Telstra’s Hong Kong unit, started a fourth-generation network in the city to meet demand for high-speed wireless services and boost revenue. The network, based on LTE, or Long Term Evolution, technology now covers 50 percent of the city’s population, Joseph O’Konek, chief executive officer at Telstra’s CSL Ltd. unit, said at a briefing. Telstra, Australia’s biggest phone company, rose 3.6 percent to A$2.88.
–With assistance from Ian Sayson in Manila and Tien Hin Chan in Kuala Lumpur. Editor: John McCluskey.
Article via Businessweek
