Bloomberg News

Motech Industries Surges to 1-Month High on Order Speculation

October 03, 2011

Oct. 3 (Bloomberg) -- Motech Industries Inc., a Taiwanese solar-energy company, surged the most in a month in Taipei, on speculation the company could get more orders from a forum this week, said Chen Chih-Chung, an analyst at Jih Sun Securities Co.

The stock jumped 6.5 percent to NT$52.60 as of 11:04 a.m., the biggest advance since Sept. 1. Motech Chief Executive Officer PH Chang is attending the annual Taiwan International Photovoltaic Forum and Exhibition, which is being held from Oct. 5 to Oct 7, according to the forum’s website. The conference hosted 251 companies in 2010, the website said. Jack Hsieh, a Motech spokesman, didn’t immediately answer calls to his office.

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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