By Pooja Thakur
Aug. 2 (Bloomberg) -- The following stocks may rise or fall in Asian markets, excluding Japan, today. Prices are as of the local market's close. Stock symbols are in parentheses after company names.
Apollo Hospitals Enterprise Ltd. (APHS IN): India's largest health-care company said fiscal first-quarter profit rose 35 percent to 105 million rupees ($2.3 million) from 78 million rupees a year ago. Sales rose 18 percent to 1.35 billion. The shares fell 0.45 rupee to 220.45.
Bharat Petroleum Corp. (BPCL US): India's No. 3 state-run refiner said first-quarter profit fell 54 percent to 1.47 billion rupees from 3.19 million rupees. The shares fell 6.85 rupees to 345.4.
Dredging Corp. of India Ltd. (DCIL IN): The nation's biggest dredger of ports said fiscal first-quarter profit fell to 227.3 million rupees from 242.9 million rupees a year ago. The shares rose 0.2 rupee to 426.6.
FDC Ltd. (FDCLT IN): The Indian drug-research company posted first-quarter profit of 216.6 million rupees, from 212.8 million rupees a year ago. FDC fell 1 rupee to 39.1.
GAIL (India) Ltd. (GAIL IN): The transporter of 90 percent of India's natural gas said first-quarter profit fell 7 percent after the government ordered it to pay subsidies to state oil refiners. GAIL fell 0.55 rupee to 195.95 rupees.
Hang Seng Bank Ltd. (11 HK): First-half net income at Hong Kong's second-largest lender may fall 1.2 percent to HK$4.96 billion ($636 million), as it made less money from lending. The estimate was the median of 12 analysts surveyed by Bloomberg News. The shares rose 75 HK cents to HK$99.75.
HSBC Holdings Plc (5 HK): Europe's largest lender may say earnings rose 28 percent to $5.26 billion, according to the median estimate of 10 analysts. Earnings from HSBC's $15.5 billion purchase of Household International Inc. in March 2003 likely lifted profits this year. HSBC was unchanged at HK$115.
Hyundai Marine & Fire Insurance Co. (001450 KS): The South Korean non-life insurer's net income for the second quarter fell 41 percent to 17.7 billion won ($15.1 million), the company said in a statement to the Korea Stock Exchange Friday. Sales rose 8 percent to 766.3 billion won. The shares were unchanged from Thursday's close of 3,600 won.
Kia Motors Corp. (000270 KS): South Korea's second-largest automaker said second-quarter profit was unchanged from 186.4 billion won ($159 million) a year earlier as domestic demand slumped and steel costs rose. Sales rose 14 percent to 3.9 trillion won. Shares rose 110 won, or 1.2 percent, to 9,100.
PT Astra International (ASII IJ): Indonesia's biggest auto distributor said second-quarter profit rose to 1.37 trillion rupiah ($150 million) from 957.5 billion rupiah a year ago. Shares were unchanged at 5,550 rupiah.
PT Telekomunikasi Indonesia (TLKM IJ): The nation's biggest phone company said second-quarter profit fell 41 percent to 1.12 trillion rupiah from 1.89 trillion a year ago, on foreign- exchange losses as a decline in the rupiah made it more expensive to pay foreign-currency debt. Shares were unchanged at 7,750 rupiah.
Saw Pipes Ltd. (SAW IN): The Indian maker of cold-rolled steel said third-quarter profit fell to 80.4 million rupees from 288.2 million rupees a year ago. Saw Pipes fell 4.1 rupees to 180.35.
Seoul Securities Co. (001200 KS): George Soros-controlled Seoul Securities Co.'s net losses for the second quarter narrowed to 300 million won from 5.4 billion won a year ago, it said in a statement Friday. Sales rose 22 percent to 45.5 billion won. Shares rose 40 won, or 1.6 percent, to 2,620.
Sindo Ricoh Co. (029530 KS): The office equipment manufacturer's net income in the second quarter rose 43 percent to 15.4 billion won from a year ago, it said in a statement Friday. Operating profit rose 23 percent to 19.3 billion won and sales rose 13 percent to 150 billion won. Shares fell 200 won, or 0.4 percent, to 50,400.
Singapore Airlines Ltd. (SIA SP): Asia's biggest carrier by market value posted a first-quarter profit compared with a loss a year earlier, after passenger and cargo loads increased.
Net income in the three months ended June 30 rose to S$259 million ($151 million) from a S$312 million loss in the year- earlier period. The profit is higher than the S$200 million median estimate by five analysts Bloomberg News surveyed. The shares fell 10 cents to S$11.10.
Thai Petrochemical Industry Pcl (TPI TB): The nation's largest-ever defaulter may have a revised debt reorganization approved by Thailand's bankruptcy court by the end of this year, said Thanong Bidaya, a court-appointed manager. The shares rose 0.05 baht to 8.05.
To contact the reporter on this story: Pooja Thakur in Mumbai at pthakur@bloomberg.net.
Last Updated: August 1, 2004 15:00 EDT
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