Bloomberg News

Taiwan Stocks: First Financial, Motech Industries, TPK Holding

October 03, 2011

Oct. 3 (Bloomberg) -- Shares of the following companies may have unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of 1:30 p.m. in Taipei.

The Taiex Index fell 211.41 points, or 2.9 percent, to 7,013.97, snapping four days of gains. The gauge dropped 16 percent in the third quarter, the most since the three months to Dec. 31, 2008.

First Financial Holding Co. (2892 TT) dropped 4.6 percent to NT$18.90, the biggest slump since Sept. 6. Aviva Plc may reduce its 49 percent stake in an insurance joint venture with First Financial Holding to below 10 percent, the Taipei-based Commercial Times reported, citing an unidentified official at First Financial. Hung Hsin-Shih, a spokeswoman for the company, was in a meeting and couldn’t immediately answer calls made to the office.

Motech Industries Inc. (6244 TT), a Taiwanese solar-energy company, increased 4.1 percent to NT$51.40, on speculation the company could get more orders from a forum this week, said Chen Chih-Chung, an analyst at Jih Sun Securities Co. 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. Jack Hsieh, a Motech spokesman, didn’t immediately answer calls to his office.

TPK Holding Co. (3673 TT) lost 6.9 percent to NT$537. TPK Universal Solutions Ltd. acquired 80 percent of CIM Corp. for NT$14.3 million ($469,000), parent TPK said in a statement to the Taiwan stock exchange on Sept. 30.

--Editor: Darren Boey

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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