Bloomberg News

Taiwan Stocks: A.G.V. Products, Hon Hai Precision, Uni-President

December 12, 2011

Dec. 12 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are at the close of Taipei trading.

The Taiex Index rose 0.8 percent to 6,949.04, the first gain in three days.

A.G.V. Products Corp. (1217 TT), a food-product maker, gained 1.1 percent to NT$8.94. The company plans to buy back 20 million shares, or 4 percent of total outstanding stock, at NT$6.730 to NT$14.46 from today through Feb. 10, according to a company statement to the Taiwan Stock Exchange on Dec. 9.

Hon Hai Precision Industry Co. (2317 TT), the world’s largest contract maker of electronics, increased 2.8 percent to NT$81.90. November sales rose 33 percent from a year ago to NT$307 billion ($10.2 billion), according to a statement filed to the Taiwan Stock Exchange on Dec. 9.

Uni-President Enterprises Corp. (1216 TT) advanced 1.5 percent to NT$44.20. The food processor was rated new “buy” by Ming Hsun, an equity analyst at Yuanta 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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