Bloomberg News

Taiwan Stocks: Acer, Asustek Computer, Kinsus, Longwell, TPK

June 05, 2012

Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close. The benchmark Taiex Index climbed 1.5 percent to 7,000.45, the biggest increase since May 29.

Acer Inc. (2353) (2353 TT), the island’s largest computer maker, jumped by the 7 percent daily limit to NT$31.45, the steepest gain since Sept. 8. The company said its fourth-quarter revenue will get a significant boost as devices running Microsoft Corp.’s Windows 8 software helps the computer industry rebound.

Asustek Computer Inc. (2357) (2357 TT) advanced 3.6 percent to NT$291. Asustek previewed a tablet computer using the Windows 8 operating system at a press conference in Taipei yesterday.

Kinsus Interconnect Technology Corp. (3189) (3189 TT) climbed 4 percent to NT$83, the largest increase since March 17. The electronics circuit board maker was rated overweight at JPMorgan Chase & Co., the equivalent of a buy rating.

Longwell Co. (6290) (6290 TT) rose 6.1 percent to NT$29.80, the steepest advance since March 1. The power cord maker’s board approved a plan to buy back 5 million shares, according to a filing to the Taiwan Stock Exchange.

TPK Holding Co. (3673) (3673 TT), a touch panel company, surged 7 percent to NT$413, the most since Aug. 10. Acer President Jim Wong said the panel maker will be its major touch-screen supplier for devices using the Windows 8 software.

To contact the reporter on this story: Ee Chien Chua in Singapore at echua27@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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