Focus Taiwan
Date: 2019/09/07
By: Jeffrey Wu and Frances Huang
Taipei, Sept. 7 (CNA) Two foreign brokerages urged investors to buy shares in Largan Precision Co., a 
supplier of smartphone camera lenses to Apple Inc., after the company reported record high monthly sales in August.
In a research note, a U.S.-based securities house said Largan's sales growth momentum will continue, with the next generation iPhones scheduled to debut later in September, and the manufacturer's sales for September expected to beat those in August.
The brokerage said it has left an "overweight" recommendation on Largan shares unchanged and maintained a target price of NT$5,200.00 (US$166).
On Friday, shares in Largan, the most expensive stock on the local market, fell 1.24 percent to close at NT$3,980.00 with 1.50 million shares changing hands on the Taiwan Stock Exchange, where the benchmark weighted index ended up 0.22 percent at 10,780.64 points. [FULL STORY]
