Bloomberg News

Taiwan Stocks Movers: Gintech Energy, Green Energy, TPK Holding

January 12, 2012

Jan. 12 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of 10.31 a.m. local time in Taipei.

The Taiex Index rose 0.1 percent to 7,196.46, its third day of gains. The benchmark gauge is headed for the highest close since Nov. 18.

Solar-related companies: Gintech Energy Corp. (3514 TT) gained 5.3 percent to NT$37.55. Green Energy Technology Inc. (3519 TT) advanced 4 percent to NT$35.30. Shipments by solar companies may climb in the first quarter after inventories dropped, Jih Sun Securities Ltd. said in a note.

TPK Holding Co. (3673 TT) lost 2.7 percent to NT$358, set for the lowest close since Dec. 22. The share-price estimate was cut to NT$339 from NT$375 at HSBC Holdings Plc, which kept its rating for the company at “underweight.”

--Editor: Chan Tien Hin

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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