Bloomberg News

Taiwan Stocks Movers: Acer, Compal Electronics, Taiwan Fructose

December 13, 2011

Dec. 13 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of 9:42 a.m. in Taipei.

The Taiex Index fell 1.2 percent to 6,865.41.

Acer Inc. (2353 TT) lost 2.1 percent to NT$33.50. The world’s fourth-largest computer maker said November sales fell 12 percent to NT$36 billion ($1.19 billion) from a year earlier, according to a statement to the Taiwan Stock Exchange yesterday.

Compal Electronics Inc. (2324 TT) retreated 1.4 percent to NT$27.90. The world’s second-largest laptop maker said November sales fell 25 percent to NT$53 billion from a year earlier, according to a statement to the stock exchange. Separately, the company was rated “hold” in new coverage at Samsung Securities Co.

Taiwan Fructose Co. (4207 TT) advanced 2 percent to NT$9.38. The sugar syrup maker plans to buy back 6 million common shares, according to a company statement to Taiwan’s stock exchange yesterday.

--Editor: Darren Boey

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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