Bloomberg News

Taiwan Stocks: Catcher Tech, Chimei Innolux, EVA Airways, TSMC

February 15, 2012

Feb. 15 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the 1:30 p.m. local-time close in Taipei.

The Taiex Index rose 1.5 percent to 8,005.24, the highest close since Aug. 4.

Catcher Technology Co. (2474 TT) jumped 6.8 percent to NT$219, the highest close since Sept. 13. The metal-casing maker had its share-price estimate raised to NT$245 from NT$175 at UBS AG,, which said the company’s sales momentum will accelerate with the introduction of Apple Inc.’s new MacBook Pro laptop computer.

Chimei Innolux Corp. (3481 TT), the island’s largest flat- panel maker, gained 4.6 percent to NT$16.95, the largest increase since Feb. 3. The company said a misunderstanding over wages in Ningbo, China, has been resolved. As many as 50 new workers at Chimei’s Ningbo plant didn’t understand the company’s overtime payment schedule and asked for clarification, company spokesman Howile Peng said by phone yesterday.

EVA Airways Corp. (2618 TT), Taiwan’s second-largest carrier, advanced 1.4 percent to NT$21.20. The company plans to purchase simulators for the A320-200 and B777-300ER as it plans to expand its fleet, according to a statement to the stock exchange yesterday.

Taiwan Semiconductor Manufacturing Co. (2330 TT) increased 1.6 percent to NT$78.50. The board for the world’s largest contract maker for custom chips approved $1.4 billion in spending to expand and upgrade capacity, according to an e- mailed statement yesterday. It also proposed a 2011 dividend of NT$3 per share.

--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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