Acer outperforms TAIEX after turning a profit

The China Post
Date: May 13, 2017

TAIPEI — Shares of Taiwan-based PC brand Acer Inc. (宏碁) soared Friday, outperforming the broader market, after the company climbed from quarterly loss to profit in the first three months of the year, dealers said.

The stock opened flat but buying emerged in the mid-morning session and continued until the end of the session, dealers said.

“Investors simply seized the latest earnings report by Acer as a reason to hunt bargains,” Xincheng International Investment Consultant analyst Chang Chih-cheng said. “When the broader market fell into consolidation mode after breaching 10,000 points, investors began seeking out individual stocks like Acer that had positive leads.”    [FULL  STORY]

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