Bloomberg News

Taiwan Equity Movers: Acer, Foxconn Technology, Yulon Motor

July 11, 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 Taiex Index (TWSE) rose 0.1 percent to 7,257.91, snapping four days of losses.

Acer Inc. (2353) (2353 TT) gained 1.5 percent to NT$30.30, the biggest advance since June 29. The computer maker’s June sales rose 24 percent from a year earlier to NT$39.75 billion ($1.33 billion), according to a statement to the Taiwan Stock Exchange.

Foxconn Technology Co. (2354 TT) advanced 1.4 percent to NT$113. June sales rose 69 percent from a year earlier to NT$5.2 billion, according to a statement filed to the stock exchange. The casing maker’s share-price estimate was raised to NT$145 from NT$127 at HSBC Holdings Plc, which maintained its overweight rating on the stock.

Yulon Motor Co. (2201) (2201 TT) declined 2.7 percent to NT$50.50, the biggest drop since June 1. June sales fell 15 percent from a year earlier to NT$2.85 billion, according to a statement to the Taiwan Stock Exchange.

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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