Taiwan Stocks: Lite-On Semiconductor, Pegatron, TPK Holding
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 retreated 0.2 percent to 7,169.61. The gauge has fallen 9.6 percent this quarter, headed for its steepest slide since the three months ended Sept. 30. The measure has climbed 1.4 percent this year, heading for its first six-monthly gain since the second half of 2010.
Asustek Computer Inc. (2357) (2357 TT) lost 4.3 percent to NT$270, the lowest close since April 9, after saying some second-quarter revenue will be carried over to the following period as it delays booking sales of Google Inc.’s Nexus 7 tablets.
Lite-On Semiconductor Co. (5305) (5305 TT) lost 1 percent to NT$14.70. The image sensor maker signed a NT$1.5 billion term loan with five banks to refinance debt, according to data compiled by Bloomberg.
Pegatron Corp. (4938) (4938 TT) retreated 3.7 percent to NT$39.25, the lowest close since March 7. The electronics maker expects notebook computer shipments to fall in the third quarter, the United Evening News said, citing Chief Executive Cheng Chien- Chung. Charles Lin, a spokesman for the company, didn’t immediately answer a call to his office.
TPK Holding Co. (3673) (3673 TT), a touch-panel maker, gained 3.7 percent to NT$364.50. Credit Suisse Group AG raised its share- price estimate to NT$455 from NT$436 after the stock went ex- dividend today. The price-target increase was to reflect the company’s “better product mix” and gross margin. The brokerage said it’s optimistic about TPK’s second half and 2013 earnings growth. Credit Suisse kept its outperform rating on the stock.
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