Automotive

Feb 9, 2012

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Asian Activities Report for January 11, 2012: Weichai Power (HKG:2338) Acquires 75% Controlling Interest in Italian Luxury Yacht Maker Ferretti Group

2012/01/11  13:00 - Asian Activities Report for January 11, 2012 includes: Weichai Power (HKG:2338) (SHE:000338) has agreed to invest 374 million euros to acquire a controlling 75% interest in the world's largest luxury yacht manufacturer, Ferretti Group of Italy; Prada S.p.A. (HKG:1913) says that it will invest 40 million euros to sponsor the Luna Rossa yacht to participate in the XXXIV edition of the America's Cup sailing competition; Inpex Corporation (TYO:1605) has signed agreements to sell liquefied natural gas from its Ichthys LNG joint venture project; Panasonic Corporation (TYO:6752) (NYSE:PC) has successfully developed a 20-inch 4K2K IPS Alpha LCD panel; Nidec Corporation (TYO:6594) (NYSE:NJ) has established a new subsidiary named Nidec Management Shanghai Corporation in Shanghai, China.

Asian Activities Report for January 10, 2012: Xinjiang Guanghui (SHA:600256) to Acquire Oil and Gas Assets in Kazakhstan

2012/01/10  12:00 - Asian Activities Report for January 10, 2012 includes: Xinjiang Guanghui Industry (SHA:600256) has agreed to acquire 51% interest in an oil and gas block in Kazakhstan for US$200 million; Asian Citrus Holdings Limited (LON:ACHL) (HKG:0073) announces that the total winter orange crop yield of the Company's two operational plantations was approximately 171,607 tonnes, a 19.4% increase from the total winter orange crop yield in 2010; Sony Corporation (NYSE:SNE) (TYO:6758) has unveiled its new XQD(TM) memory cards with up to 1 Gbps write and read speed; Suzuki Motor Corporation (TYO:7269) has showcased Ertiga, a three-row, seven-seater multi-purpose vehicle at the 11th Auto Expo 2012 in New Delhi.

Asian Activities Report for December 13, 2011: Minmetals Resources Limited (HKG:1208) Reports 103.9% Increase in Zinc Ore Reserves

2011/12/13  12:00 - Asian Activities Report for December 13, 2011 includes: Minmetals Resources Limited (HKG:1208) announced its Mineral Resources and Ore Reserve Statement as at 30 June 2011 with a 103.9% increase in zinc Ore Reserves; Microsoft Corp. (NASDAQ:MSFT) and Nissan Motor Co. Ltd. (TYO:7201) will collaborate and create a next-generation dealer management system based on Microsoft Dynamics; Samsung Electronics (PINK:SSNLF) (SEO:005930) has announced the launch of the next evolution of GALAXY Tab - the GALAXY Tab 10.1 in Australia.

Asian Activities Report for December 7, 2011: Great Wall Motors (HKG:2333) Receives EU Whole Vehicle Type Approval for Voleex C30 and Voleex C20R

2011/12/07  11:27 - Asian Activities Report for December 7, 2011 includes: Great Wall Motors (HKG:2333) has received EU Whole Vehicle Type Approval for its Voleex C30 and Voleex C20R; Chevalier International Holdings Limited (HKG:0025) has entered into a letter of intent in relation to possible acquisitions of certain hot spring hotels in Japan; Daiichi Sankyo Co., Ltd (TYO:4568) advises that its subsidiary Ranbaxy Laboratories Ltd. (BOM:500359), India's largest pharmaceutical company, has received final approval from the U.S. Food and Drug Administration to manufacture and market Atorvastatin, a cholesterol-reducing medicine, in the US market.

Asian Activities Report for December 5, 2011: Chow Tai Fook to IPO on Hong Kong Stock Exchange

2011/12/05  12:30 - Asian Activities Report for December 5, 2011 includes: Chow Tai Fook Jewellery Group Ltd. is preparing to launch what may become Hong Kong's biggest initial public offering in 2011; Nissan Motor Co., Ltd. (TYO:7201) announces that its 100% electric Nissan LEAF has won the Car of the Year Japan 2011-2012 award at the 42nd Tokyo Motor Show; Exoma Energy Limited (ASX:EXE) confirms that its recent Katherine-1 well in the Galilee Basin in Central Queensland has the potential to be a significant onshore oil resource; Phoenix Gold Limited (ASX:PXG) announces the results of its latest drill programme completed at the Castle Hill Project in the Goldfields region of Western Australia.

Asian Activities Report for November 30, 2011: CapitaMalls Asia Limited (HKG:6813) Donates Over HK$3.1 Million to Underprivileged Children in Asia

2011/11/30  12:00 - Asian Activities Report for November 30, 2011 includes: CapitaMalls Asia Limited (HKG:6813) is donating more than HK$3.1 million to nearly 19,000 underprivileged children in Singapore, China, Malaysia, Japan and India this year; Mazda Motor Corporation (TYO:7261) has launched the special edition Mazda Premacy '20S Prestige Style' in Japan; Neon Energy Limited (ASX:NEN) has completed the drilling phase of the Paloma Deep well onshore California; Aquila Resources Limited (ASX:AQA) has completed a Definitive Feasibility Study for the Gravenhage Manganese Project in South Africa.

Asian Activities Report for November 28, 2011: Toyota Motor Corporation (TYO:7203) Unveils Newest Sports Car "86"

2011/11/28  12:00 - Asian Activities Report for November 28, 2011 includes: Toyota Motor Corporation (TYO:7203) has unveiled its newest model of sports car "86"; United Company Rusal Plc ("UC RUSAL") (HKG:0486), the world's largest aluminium producer, has signed an agreement to purchase a 33% stake in Shenzhen North Investments Corporation Limited; Bathurst Resources Limited (ASX:BTU) announces its first export shipment of coal from the Buller Project; Australian resources company GBM Resources Limited (ASX:GBZ) has discovered broad zone of Rare Earth Element and Yttrium mineralisation at the Milo Project.

Asian Activities Report for November 22, 2011: Courage Marine Group (HKG:1145) Acquires Second Supermax Vessel to Meet Rising Dry-Bulk Shipping Demand in Asia

2011/11/22  12:00 - Asian Activities Report for November 22, 2011 includes: Dry-bulk shipping company Courage Marine Group Limited (HKG:1145) has signed an agreement with Zhejiang Zengzhou Ship Building Co., Ltd for the purchase of a newly-built Supermax-sized vessel for US$26.6 million; Blackwood Corporation (ASX:BWD) announces a JORC exploration target of 2.1-3.2 billion tonnes of thermal coal at South Pentland Project in Queensland; Invictus Gold Limited (ASX:IVG) announces the first results of the maiden drill programme at the Scartwater Prospect at its 100%-owned Drummond Basin Project in Central Queensland; Yellow Hat Limited (TYO:9882) and Idemitsu Kosan Co., Ltd. (TYO:5019) are currently discussing the formation of an alliance in wholesale, retail sales, and development of automotive accessory.

The 2nd Annual Green Fuels and Vehicles China 2011

2011/02/16  12:44 - 2nd Annual Green Fuels & Vehicles China 2011 will be convened on April 7-8 in Beijing, China. This year the event will focus on exploring the technical and commercial roadmaps for alternative fuels and new energy vehicles, discuss the policy incentives, market outlook, technical innovations and charging infrastructure development of the industry. It is China's leading international networking and information exchange platform for new energy vehicle industry.

Australian Market Report of February 7, 2011: Automotive Technology Group (ASX:ATJ) Announce Most Efficient Supercharger System In The World

2011/02/07  13:30 - Australian Market Report of February 7, 2011 includes: Automotive Technology Group Limited (ASX:ATJ) announced that the company's Sprintex (R) Supercharger is the world's most efficient automotive supercharger system; Coal study highlights export grade thermal coal potential from Aviva Corporation Limited (ASX:AVA) Mmamantswe project in Botswana; EnviroGold Limited (ASX:EVG) has significantly strengthened its management in Latin America; Phosphagenics Limited (ASX:POH) announced collaboration to develop psoriasis drug in USA.

Toray Industries (TYO:3402) And Daimler (ETR:DAI) Establish Joint Venture To Produce Carbon Fiber Car Parts

2011/01/25  14:17 - Toray Industries (TYO:3402) (PINK:TRYIY), the world's largest manufacturer of carbon fibers signed an agreement with German carmaker Daimler (ETR:DAI) (PINK:DDAIY) yesterday for the establishment of a joint venture in Germany to produce and sell carbon fiber reinforced plastics car parts.

Google (NASDAQ:GOOG) Sponsors Team Trev Renewable Energy Vehicle In Its Zero Emissions Race Around The World

2010/07/31  17:30 - Google Inc. (NASDAQ:GOOG) Australia has become a sponsor of "Team Trev" as it prepares to race a unique electric vehicle around the world. "Trev" (Two-seater Renewable Energy Vehicle) is Australia's competitor in Zero Race (www.zero-race.com) the first zero emission race around the world for electric vehicles powered by renewable energy.

Team Trev Powered By The Wind Of TrustPower Limited (NZE:TPW)

2010/07/20  10:30 - Team Trev is a group of volunteers who will drive a small green electric car, Trev, around the world in the 2010 Zero Race. New Zealand based utility TrustPower Limited (NZE:TPW) (PINK:TRPWF) has kindly donated green power to Team Trev, in the form of Renewable Energy Certificates and a small cash donation. The energy will be sourced from TrustPower's 98.7MW Snowtown Wind Farm in South Australia.

Infomedia (ASX:IFM) Signs Three-Year Agreement with Toyota USA

2010/07/15  16:30 - After-sales information system provider Infomedia Ltd (ASX:IFM) said it has signed a three-year agreement with Toyota Motor Sales USA to market its service quoting and selling system to the TMS dealership network.

A Milestone For The Team Trev Logistics Team With The Arrival Of Batteries From Korea

2010/07/12  14:00 - Team Trev logistics team have completed their first major challenge, successfully importing our new batteries from Korea to the Team Trev workshop in Adelaide.

Galaxy Resources Limited (ASX:GXY) Will Be First Minesite With Solar Tracking

2010/05/11  09:51 - Emerging lithium producer, Galaxy Resources Limited (ASX:GXY), is pleased to announce that it has placed an order with Swan Energy Pty Ltd to install 15 large solar panels and 2 wind turbines generating a total 214 MWhr per year of clean green energy at its lithium operation in Ravensthorpe.

Asian Markets Overview of April 8, 2010: Osaka Gas(TYO:9532) Currently Not Seeking CBM LNG Long-Term Contracts

2010/04/08  13:30 - Overnight US stocks broadly declined after new figures from the Federal Reserve showed that consumer credit dropped unexpectedly in February. The sharp plunge in consumer credit was an indication that households are still in a cautious frame of mind despite U.S. economic recovery. Asian markets opened lower this morning following the drops in Wall Street. But Wednesday most Asian stocks gained, helped by stronger oil prices and upbeat corporate earnings. Hong Kong's Hang Seng surged 1.8 per cent, while China's Shanghai Composite fell 0.3 per cent as real estate shares were hurt by fears of further measures to cool the property market. Japan's Nikkei 225 posted a 0.1 per cent rise and South Korea's Kospi Composite finished nearly unchanged.

Asian Markets Overview of April 7: CCB (HKG:0939) (SHA:601939) to Expand Overseas Operation

2010/04/07  13:30 - Asian markets opened flat this morning while Wall Street overnight closed with little change after the US central bank's minutes eased concerns over rate hike. Yesterday Australian stock market touched an 18-month high despite the Reserve Bank of Australia raised official rate by 25 basis points. Japan's Nikkei 225 Tuesday dropped 0.5 per cent on profit-taking selling. China's Shanghai Composite was nearly unchanged while Hong Kong market was closed for public holiday.

Asian Markets Overview of April 6: Daimler (ETR:DAI) to Seal Three Way Deal with Nissan (TYO:7201)- Renault(EPA:RNO)

2010/04/06  13:30 - US stocks on Monday rose to a fresh 18-month high on improved economic data. The market was encouraged as the Labor Department Friday released nonfarm payrolls report which showed a biggest job increase in three years. In addition, better-than-expected figures in service and real estate sectors also helped to support the US shares. Asian markets mostly opened higher on Tuesday. Resources shares today could be stronger after oil and metals prices rose. Asian stocks closed higher on Monday with Japan's Nikkei 225 ended at a new 18-month high for the third straight session. Regional volume was light, as markets in Australia, New Zealand, China, Hong Kong and Taiwan were shut for holidays. Most of these markets resume trading today, but Hong Kong bourse remains closing for Ching Ming Festival.

Asian Markets Overview of March 31, 2010: Bridgestone (TYO:5108) Plans a Y50 billion Plant in India

2010/03/31  13:30 - Wall Street Tuesday posted modest gains following the report on the upbeat consumer confidence and home prices data. Technology stocks were also supported by news that Apple Inc. (NASDAQ:AAPL) was developing a new iPhone. Yesterday Asian markets closed mostly higher. This week investors are also looking to the US nonfarm payroll data and expecting an improving labour market. Japanese stocks broadly gained led by steel makers. Nikkei rose 1 per cent. Hong Kong's Hang Seng Index was up 0.7 per cent while China's Shanghai Composite added 0.2 per cent. South Korea's Kospi increased 0.5 per cent.

Asian Markets Overview of March 29, 2010: Geely Buys Volvo for US$1.8B

2010/03/29  13:30 - Friday Wall Street ended flat, giving up its early gains after the news about the sinking of a South Korean naval ship raised fears of tension between North and South Korea. Today Asian markets could be helped by the euro-zone bailout for Greece and the news that South Korea has ruled out North Korea involvement in the navy vessel sinking. Friday Asian markets rallied with Japan's Nikkei hit its 18 months closing high. The Nikkei climbed 1.6 per cent due to relief over sovereign-debt problems in Greece. Both Hong Kong's Hang Seng Index and China's Shanghai Composite added 1.3 per cent.

Asian Markets Overview of March 19, 2010: Toho Zinc (TYO:5707) To Double Stake in CBH Resources (ASX:CBH)

2010/03/19  13:30 - Wall Street overnight gained for an eighth consecutive session with a low trading volume. Thursday US weekly jobless claims data and core consumer prices in February provided mild support for the market. Most Asian markets declined yesterday. Japanese exporters were hurt by the weakness in euro against yen. Nikkei 225 lost nearly 1.0 per cent, and South Korea's Kospi dropped 0.5 per cent. Hong Kong and mainland China markets gave up their early gains to close lower on Thursday on renewed fears that China might take further measure to control the pace of bank lending. Shanghai composite closed down 0.14 percent, while Hang Seng Index fell 0.25 percent.

Asian Markets Overview of March 18, 2010: Daiwa Securities (TYO:8601) as Lead Manager of an IPO in China

2010/03/18  13:30 - Asian stocks are expected to extend gains on Thursday as US and Britain markets climbed to multi-month highs overnight. Wall Street was pushed to a fresh 17-month high as investors cheered for the drop in February Producer Price Index, or wholesale inflation. Yesterday most major Asian markets were stronger after the U.S. Federal Reserve pledge to keep interest rates low for an extended period. The Bank of Japan also left its rate unchanged at 0.1 per cent. The Nikkei Index gained 1.2 per cent and South Korea's Kospi was up 2.1 per cent. Shanghai Composite lifted 1.9 per cent while Hong Kong's Hang Seng Index gained 1.7 per cent.

Asian Markets Overview of March 10, 2010

2010/03/10  14:30 - Asian shares could see a flat start on Wednesday while Wall Street closed slightly higher overnight. Steelmakers and resource stocks are expected to suffer declines around the region follow commodities prices dropped. Most Asian markets posted small gains yesterday. Shanghai and Hong Kong bourses rose after an upbeat forecast from China Life Insurance Co., mainland's largest insurance company. China's Shanghai Composite added 0.5 per cent, Hong Kong's Hang Seng Index advanced 0.1 per cent. South Korea's Kospi and Taiwan's Taiex inched up 0.1 per cent each. But Japan's Nikkei 225 closed down 0.17 per cent on profit-taking selling.

Asian Markets Overview of March 8, 2010

2010/03/08  13:30 - Today Asian stocks are set to rise after Wall Street rallied Friday, boosted by US upbeat jobs data. Asian markets broadly gained on Friday. Tokyo stocks advanced 2.2 per cent on expectations that the Japanese central bank may ease its monetary policy further. Shanghai and Hong Kong markets also powered higher on hope of China's moderately loose policies and an 8 per cent economic growth target this year. Shanghai Composite was up 0.25 per cent, and Hang Seng Index gained 1 per cent. South Korea's Kospi climbed 1 per cent.

Asian Markets Overview of March 4, 2010

2010/03/04  13:30 - Asian stocks saw modest gains Wednesday on hope of a bailout package for Greece. Australian market was boosted yesterday as official data showed that Australia's economy grew 0.9 per cent in fourth quarter, its fastest quarter-to-quarter pace in almost two years. Japan's Nikkei index ended up 0.3 per cent. South Korea's Kospi Composite rose 0.5 per cent. Shanghai Composite climbed 0.8 per cent higher. But Hong Kong's Hang Seng Index closed 0.1 per cent lower. Today Asian markets are likely to open flat, after Wall Street declined slightly on Wednesday.

Asian Markets Overview of March 1

2010/03/01  13:30 - Asian markets mostly gained on Friday. Japan's Nikkei was 0.2 per cent higher on upbeat industrial output data. Hong Kong's Hang Seng Index rose 1.0 per cent, while South Korea's Kospi added 0.5 per cent. China's Shanghai Composite Friday fell 0.3 per cent. Today metal and resource shares in the regional markets may face pressure after the massive earthquake that hit Chile.

Asian Markets Overview of February 26

2010/02/26  13:30 - Most Asian markets ended lower yesterday on fears of a possible downgrade of Greek debt. Japan's Nikkei lost 1.0 per cent while a rising yen weighed on exporters. Taiwan market fell 1.4 per cent and South Korean's Kospi declined 1.6 per cent. But China's Shanghai Composite rose 1.3 per cent, as investors were expecting an annual parliament session in March may reaffirm China's relatively loose monetary policy.

Australian Market Report of February 25: Lower Metals Prices Hit Resources Giants

2010/02/25  09:30 - The Australian share market fell sharply Wednesday after led by mining giants BHP Billiton and Rio Tinto as metals prices dropped. The benchmark S&P/ASX200 index ended down 69.8 points, or 1.5 per cent, at 4648.5, while the broader All Ordinaries index lost 65.1 points, or 1.4 per cent, to 4665.9.

Asian Markets Overview of February 23

2010/02/23  13:30 - Most Asian markets rallied with resources shares significantly higher on Monday. Japan's Nikkei jumped 2.7 per cent while exporters were encouraged by stronger US dollar against yen. Hong Kong's Hang Seng Index gained 2.4 per cent. The Shanghai bourse reopened for the first day after the Lunar New Year holiday, Shanghai Composite dropped 0.5 per cent as the market was still impacted by the People's Bank of China's credit-tightening measures unveiled before the long holiday.

Asian Markets Overview of February 19

2010/02/19  01:30 - Most Asian markets fell Thursday as investors took profit from recent rallies. Resources shares declined across the region after news that International Monetary Fund plans to sell 191.3 metric tons of gold on open markets. Hong Kong's Hang Seng Index lost 0.5 per cent and South Korea's Kospi fell 0.4 per cent. However, Japan's Nikkei stock average rose 0.3 per cent while the Bank of Japan left its interest rate at 0.1%. China, Taiwan and Vietnam markets remained closing on Friday.

Asian Markets Overview of February 16

2010/02/16  13:30 - Asian shares declined in thin trade on Monday. Tokyo stocks fell on the pre-weekend fall on Wall Street and monetary tightening in China, despite a slightly better than expected gross domestic product figure in fourth quarter was released yesterday. Australian stocks Monday was also lower, weighed down by some disappointing earnings reports. There is no lead from Wall Street and major Asian markets including Shanghai, Hong Kong, Taiwan and Singapore are still in holiday break on Tuesday.

Team Trev Announce a New Partnership to Showcase Trev To The World

2010/02/15  12:25 - Team Trev is set to go global, announcing their partnership with international press carrier ABN Newswire last week.

Asian Markets Overview of February 10

2010/02/10  13:30 - Asian shares are expected to remain rising after a rebound in most markets yesterday. On Tuesday China's Shanghai Composite rose 0.5%, Taiwan's Taiex surged 2% and South Korea's Kospi added 1.1%. Hong Kong's Hang Seng Index gained 1.2% spurred by Swiss banking major UBS's return to profit.

Asian Markets Overview of February 8

2010/02/08  13:30 - Asian equity markets Friday experienced heavy losses after Wall Street's tumble and concerns over European sovereign debt. Japan's Nikkei index fell 2.9%. Hong Kong's Hang Seng Index lost 3.3%, its first finish below 20000 since September. South Korea's Kospi lost 3% to 1567.12, Taiwan's Taiex sank 4.3% and China's Shanghai Composite gave up 1.9%.

Asian Markets Overview of February 3

2010/02/03  13:30 - Asian shares were lifted on Tuesday after strong U.S. manufacturing data. Japan's Nikkei index ended 1.63 percent higher, after Toyota's plans to fix millions of vehicles equipped with faulty accelerators in North America and Europe. Australian shares climbed as metals prices rose, but Australian dollar was pulled down by RBA's unexpected decision to keep interest rate unchanged.

Asian Markets Overview of February 1

2010/02/01  13:30 - Last week Asian markets mostly experienced a significantly losing week and will continue to be weighed by the negative lead from US and European markets on Monday. Asian stocks Friday stumbled on disappointing company forecasts and Toyota's recall of millions of cars. For the month, China's Shanghai Composite lost 8.8%, Hong Kong's Hang Seng Index fell 8%, Australia's S&P/ASX 200 was down 6.2% and South Korea's Kospi slid 4.8% to 1602.43.

Australian Market Report of January 29: Losing Streak Ended

2010/01/29  09:30 - The Australian share market Thursday broke its losing streak. The market was boosted by US President Barack Obama's first State of the Union address to Congress. Mr. Obama said jobs must be the number one priority in 2010 and offered proposals for financial reform, education, health care reform, government spending, national security and more. At the close, the benchmark S&P/ASX 200 index rose 28.7 points, or 0.62 per cent, to 4673.3, while the broader All Ordinaries lifted 0.59 per cent to 4697.7.

Asian Markets Overview of January 27

2010/01/27  13:30 - U.S. stocks closed slightly lower on Tuesday, giving up early gains boosted by consumer confidence data and strong earnings from Apple. Investors remained cautious as there were continued concerns over bank regulation plans.

Asian Markets Overview of January 22

2010/01/22  13:30 - Wall Street delivered a bad lead to Asian market today. US stocks plunged overnight as financials tumbled after President Barack Obama proposed stricter limits on financial institutions' risk-taking. Obama's plan will prevent financial institutions that own banks from investing in, owning or sponsoring a hedge fund or private equity fund.


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