Taiwan Stocks: EVA Air, Kinsus, Motech, Unimicron, Young Fast

Stocks of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of 1:30 p.m. close.

The Taiex Index fell 285.24, or 3.4 percent, to 8,234.78, the lowest level since Oct. 22. The gauge closed almost 10 percent below its high this year on Jan. 28.

Unimicron Technology Corp. (3037) (3037 TT) and Kinsus Interconnect Technology Corp. (3189) (3189 TT) both slid by the 7 percent daily limit, the most since May 21, on speculation they may face a shortage of components following the earthquake in Japan, said Bonny Weng, an analyst at KGI Securities Co.

Unimicron slumped to NT$48, while Kinsus dropped to NT$83.70. The quake has no major impact on the two companies’ operations and they are monitoring their imports of raw materials from Japan, they said in separate exchange statements yesterday.

EVA Airways Corp. (2618) (2618 TT) slid 6.9 percent to NT$22.95, the most since May 12, 2009. Taiwan’s second-largest carrier expected a 10 percent decline in passengers to and from Japan for the next “few days,” EVA said in an e-mailed reply to questions. The carrier said it didn’t expect a major impact on cargo.

Motech Industries Inc. (6244) (6244 TT) gained 4.3 percent to NT$122.50, the most since Feb. 24. The island’s largest solar- cell maker will form a venture with Green Energy Technology Inc. (3519) (3519 TT) and Taiwan Poly-Silicon Corp. to produce polysilicon wafers, Motech said in a statement to the stock exchange yesterday. Green Energy was unchanged at NT$151.

Young Fast Optoelectronics Co. (3622 TT) slumped 7 percent to NT$207, the lowest level since April 6, 2009. The maker of touch screens was cut to “reduce” from “neutral” at Nomura Holdings Inc., which cited a “rapid decline” in demand for so- called resistive touch. The brokerage lowered its share-price forecast to NT$197 from NT$346, analysts led by Anne Lee wrote in a report.

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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