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Taiwan Stocks: Ambassador Hotel, Formosa International, Phison

Jan. 13 (Bloomberg) -- 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 fell 0.1 percent to 7,181.54 and advanced 0.9 percent this week. The island will hold presidential elections tomorrow.

Tourism-related stocks: Formosa International Hotels Corp. (2707 TT) gained 3.5 percent to NT$401. Ambassador Hotel Ltd. (2704 TT) increased 3.8 percent to NT$33.

Chinese and Taiwanese airlines added 375 flights between Jan. 9 and Feb. 6, compared with 183 for the 2011 Lunar New Year, according to data provided by the island’s Civil Aeronautics Administration yesterday.

Phison Electronics Corp. (8299 TT) rose 3.8 percent to NT$191.50. Chairman Pua Khein-Seng said first-quarter orders aren’t as weak as expected, Apple Daily reported. Yu Zhi-Chyang, a spokesman, didn’t immediately answer calls to his office.

Promos Technologies Inc. (5387 TT) slumped 5.6 percent to NT$0.34. The company applied to the Ministry of Economic Affairs for help on debt negotiation, according to a statement to the local 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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