Catcher shares soar on May sales, new iPhone hopes

The China Post
Date: June 6, 2017
By: Taipei, CNA

Shares of Taiwan-based metal casing supplier Catcher Technology Co. (可成) rose sharply Tuesday, outperforming the broader market, after the company reported on Monday an almost 20 percent month-on-month increase in sales for May.

As a supplier to Apple Inc., Catcher has been riding the wave of expectations that the U.S. electronics consumer giant will soon launch next generation iPhones, which would further boost Catcher’s shipments in the second half of the year, dealers said.

Shares of Catcher rose 4.42 percent to NT$354.00 (US$11.80) on the Taiwan Stock Exchange on Tuesday, where the weighted index ended down 0.20 percent at 10,206.18 after a lackluster performance on Wall Street overnight.

“Compared with other ‘Apple concept stocks,’ Catcher has been a laggard,” Hua Nan Securities analyst Kevin Su said. “Investors simply seized on its latest sales report as a reason for picking up the stock today.    [FULL  STORY]

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