Bloomberg News

Taiwan Equity Mover: Gintech Energy, HTC Corp., Opto Tech

May 18, 2012

Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei.

The benchmark Taiex Index fell 2.8 percent to 7,151.19, the most since Nov. 10. The gauge has dropped 3.4 percent this week.

Gintech Energy Corp. (3514) (3514 TT), Taiwan’s second-biggest solar-cell maker, advanced 2.3 percent to NT$31.50 on expectations they may benefit after the U.S. imposed tariffs of as much as 250 percent on Chinese equipment.

HTC Corp. (2498) (2498 TT) retreated 3.3 percent to NT$400.50, the lowest close since July 2, 2010. The smartphone maker’s shipment delay for its HTC One X and HTC EVO 4G LTE models may result in a 10 percent cut in its second quarter earnings-per-share estimate, Barclays Plc said in a report.

Opto Tech Corp. (2340) (2340 TT) sank 6.2 percent to NT$12.10, the most since Dec. 19. The semiconductor component maker is seeking a five-year NT$2 billion ($67 million) loan, Chen Chian-chang, a spokesman for the company, said.

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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