Bloomberg News

Taiwan Equity Movers: Inotera Memories, Nanya, Uni-President

October 20, 2011

Oct. 20 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei. The Taiex Index fell for a third day, declining 109.05 points, or 1.5 percent, to 7,244.32.

Chimei Innolux Corp. (3481 TT) dropped 5.4 percent to NT$11.35, the lowest close since Aug. 25. The panel maker changed shifts for workers as it adjusted production lines, according to an exchange statement. The company denied a report in the Commercial Times that said it cut wages.

Inotera Memories Inc. (3474 TT), a memory-chip maker, sank 5.8 percent to NT$5.8, closing at the lowest price since Aug. 23. Inotera posted a third-quarter net loss of NT$7 billion ($231 million), more than the NT$3.7 billion loss that was the average of nine analyst estimates compiled by Bloomberg. The stock was also cut to “reduce” from “neutral” at Fubon Securities Co.

Nanya Technology Corp. (2408 TT), Taiwan’s second-largest memory-chip maker, dropped 6.8 percent to NT$3.58, the lowest close since at least Aug. 17, 2000. Nanya posted a third-quarter net loss of NT$12 billion. The average of eight analyst estimates compiled by Bloomberg was for a loss of NT$8.4 billion.

Uni-President Enterprises Corp. (1216 TT), the country’s largest food company, retreated 1.9 percent to NT$39.35. Uni- President was fined NT$10 million for fixing the price of milk, the Fair Trade Commission said in a statement yesterday.

--Editor: Shiyin Chen

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net.

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


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