Bloomberg News

Taiwan Equity Movers: Delta Electronics, MediaTek, HTC Corp.

June 14, 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 0.2 percent to 7,075.10.

Delta Electronics Inc. (2308) (2308 TT) slid 1.7 percent to NT$88, the biggest drop since June 8. The maker of notebook computer power-supply packs said its automatic testing line was affected after heavy rain flooded a factory in Taoyuan, Taiwan. No major financial impact is expected, the company said in a statement to the Taiwan Stock Exchange.

MediaTek Inc. (2454) (2454 TT), a chip designer, increased 1.2 percent to NT$261, the highest close since May 31. Chairman Tsai Ming-Chieh was cited by the Commercial Times as saying the worst for the company is almost over. David Ku, a spokesman for the company, wasn’t available for comment at his office.

HTC Corp. (2498) (2498 TT), Asia’s second-largest smartphone maker, climbed 3.3 percent to NT$361.50, the biggest advance since May 29. Chairwoman Cher Wang said she would increase her holding in the company, the Apple Daily reported. Chief Financial Officer Chang Chia-Lin wasn’t immediately available at his office for comment.

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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