Bloomberg News

Taiwan Equity Movers: Epistar Corp., Largan Precision Decline

October 21, 2011

Oct. 21 (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 added 10.19 points, or 0.1 percent, to 7,254.51, paring its weekly decline to 1.4 percent.

Epistar Corp. (2448 TT) declined 1.3 percent to NT$55.30, the lowest close since Oct. 7. The light-emitting diode maker’s stock rating was lowered to “neutral” from “outperform” by Darryl Chen, an analyst at Credit Suisse Group AG.

Largan Precision Co. (3008 TT) sank 6.9 percent to NT$621, the lowest close since Oct. 7. The stock was cut to “neutral” from “outperform” at KGI Securities. The company’s rating was also reduced to “add” from “buy” at Fubon Securities Co.

--Editor: Shiyin Chen

To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net

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


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