Taiwan Stocks: Delta Electronics, Evergreen, Genius Electronic
Taiwan’s Taiex Index fell 37.84, or 0.5 percent, to 8,312.15 at the 1:30 p.m. close of trading in Taipei. The benchmark index advanced 0.1 percent this week, halting a two-week decline.
Delta Electronics Inc. (2308 TT) gained 2.6 percent to NT$136.50, posting its biggest gain since Oct. 25. DelSolar Co. (3599 TT) bought NT$506 million ($17 million) of equipment from Delta in the period from Dec. 17 to yesterday, the Hsinchu, Taiwan-based solar cell maker said in a statement to the stock exchange today. DelSolar was unchanged at NT$54.50.
Epistar Corp. (2448 TT) advanced 2.5 percent to NT$104.50, closing at the highest level since April 26. The light-emitting diode maker and Huga Optotech Inc. (8199 TT) decided to settle a patent infringement lawsuit, according to separate statements by the companies yesterday. Hsinchu, Taiwan-based Epistar in 2008 filed a suit against Huga Optotech for allegedly violating two patents, the company said in its statement. Huga increased 0.4 percent to NT$28.70.
Evergreen Marine Corp. (2603 TT) dropped 3.6 percent to NT$25.35. The island’s largest container-shipping line may report a loss next month on weak demand, the Economic Daily News reported today, citing people in the industry it didn’t name. Evergreen Executive Vice President Nieh Kuo-wei wasn’t immediately available for comments.
Genius Electronic Optical Co. (3406 TT) jumped 6.8 percent to NT$289.50, the highest since March 20, 2006, after the Economic Daily News said its October net income reached NT$141 million. Jones Chen, spokesman for the company, wasn’t immediately available for comment at his office. The report didn’t say where it got the information.
To contact the reporter on this story: Weiyi Lim in Taipei at Wlim26@bloomberg.net
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