Bloomberg News

Taiwan Stocks: Acer, Advanced Semi, Compal Electronics, Fubon

October 24, 2011

Oct. 24 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of 1:30 p.m. local time in Taipei.

The gauge rose 3 percent to 7,470.30, the biggest close since Sept. 21.

Acer Inc. (2353 TT), the world’s fourth-largest computer maker, lost 1.1 percent to NT$35.40. Third-quarter loss was NT$1.1 billion, compared to the NT$867 million average loss estimate of 17 analyst estimates.

Advanced Semiconductor Engineering Inc. (2311 TT) climbed 4.7 percent to NT$26.70. The provider of chip-testing services plans to spend at least $1.85 billion over the next four years to expand in Taiwan, head of investor relations Allen Kan said by phone today.

Compal Electronics Inc. (2324 TT) advanced 2.1 percent to NT$26.95, the biggest rise since Oct. 11. The laptop maker and Microsoft Corp. signed a patent agreement covering Compal’s tablets, phones and other devices that run the Android or Chrome platform.

Fubon Financial Holding Co. (2881 TT) surged 6.9 percent to NT$34.70, the biggest advance since May 6, 2009. The financial services company’s banking unit received approval from the China Banking Regulatory Commission to set up a representative office in Suzhou.

--Editor: Richard Frost

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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