Bloomberg News

Taiwan Stocks: Catcher Technology, Everlight Electronics, UMC

October 27, 2011

Oct. 27 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are at the close in Taipei.

The Taiex Index rose 0.4 percent to 7,565.21, the fourth day of gains.

Catcher Technology Co. (2474 TT) climbed 5.7 percent to NT$176, the highest close since Oct. 14, after the casing maker said factories in Suzhou, China started to conduct trial runs in phases from yesterday. Authorities ordered the plants to shut down for improvements earlier this month after residents complained of an odor near the factories, the company said.

Everlight Electronics Co. (2393 TT) slumped 5.7 percent to NT$56.20, the biggest drop since Sept. 26. The light-emitting diode maker will ask employees to take three days of unpaid leave in November and five days in December, the Commercial Times cited Chairman Yeh Yin-fu as saying. Pang-Yen Liu, a spokesman for the company, wasn’t immediately available when called at his office.

Siliconware Precision Industries Co. (2325 TT) sank 5.1 percent to NT$30.55, the biggest decline since Aug. 8. The chip packing and testing company was cut to “sell” from “hold” by Warren Lau, an analyst at Samsung Securities Co.

United Microelectronics Corp. (2303 TT) increased 3.1 percent to NT$13.20, the highest close since July 26, after the company reported better-than-estimated third-quarter profit. The world’s second-largest contract maker of chips yesterday reported net income of NT$1.95 billion ($64.8 million), compared with the average estimate of NT$1.43 billion in a Bloomberg survey of analysts. The company was also raised to “hold” from “sell” at Samsung Securities Co.

--Editor: Matthew Oakley

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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