Acer, HTC, Polaris, Taiwan Mobile, TSMC: Taiwan Stocks Preview
Shares of the following companies may have unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.
The Taiex Index dropped 7.18, or 0.1 percent, to 8,894.54.
Acer Inc. (2353) (2353 TT): The world’s second-largest notebook maker began selling its first tablet computer, priced $50 less than a similar model from Apple Inc. The stock added 2.1 percent to NT$58.10.
HTC Corp. (2498) (2498 TT): Asia’s second-largest smartphone maker by market value posted first-quarter profit and sales that surpassed the average of analyst estimates as demand for more- advanced handsets boosted revenue. The stock lost 3.3 percent to NT$1,160.
Polaris Securities Co. (2854 TT): The Taipei-based broker agreed to be acquired by Yuanta Financial Holding Co. (2885 TT) for 0.5 Yuanta stock and NT$12.2 cash per share. Polaris added 3 percent to NT$20.60, Yuanta added 0.5 percent to NT$21.40.
Taiwan Mobile Co. (3045 TT): Taiwan’s second-largest phone operator agreed to buy a 51 percent stake in Fubon Multimedia Technology Co., the owner of Momo electronic shopping and department stores, for NT$8.4 billion ($290 million) from Fubon Financial Holding Co. (2881 TT). Taiwan Mobile closed unchanged at NT$69.90, Fubon lost 0.1 percent to NT$39.50.
Taiwan Semiconductor Manufacturing Co. (2330 TT): The world’s largest custom manufacturer of chips posted consolidated first-quarter revenue of NT$105.4 billion, less than the NT$106.7 billion average of 20 analyst estimates compiled by Bloomberg. The stock added 0.1 percent to NT$72.90.
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