Bloomberg News

Taiwan Equity Movers: HTC, Largan, Mediatek, Innolux

January 07, 2013

Taiwan’s Taiex Index -0.4% at open in Taipei, with 222 stocks up, 410 down; index has gained 9.3% from Nov. low. MSCI Asia Pacific Index +0.1% today.

ADVANCER: * Innolux (3481 TT) +3.5%; Nov. TV panel shipments in China rose 6% from Oct. to 1.8m units, 20 percent more than estimates, Central News Agency reports, citing numbers from DisplaySearch

DECLINERS: * HTC (2498 TT) -2.1%; operating income was lower than analyst estimates as lack of new models prompted market shr loss * Largan (3008 TT) -0.9%; cut to neutral at Credit Suisse * Mediatek (2454 TT) -0.3%; consolidated revenue rose 1.6% Y/y co. says in exchange filing; revenue growth slowed from 13% gain in Nov.

To contact the reporter on this story: Debra Mao in Taipei at dmao5@bloomberg.net

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


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