GROWTH CONSTRAINTS: The decline reflected investors’ disappointment with slower-than-expected sales growth last month and concern over production yields
Taipei Times
Date: Sep 07, 2018
By: Ted Chen / Staff reporter
Shares of smartphone camera lens supplier Largan Precision Co (大立光) yesterday took a hit, as investor sentiment cooled ahead of Apple Inc’s iPhone launch on Wednesday next week.
The stock dipped 5.11 percent to close at NT$4,640 in Taipei trading, underperforming the broader market, which slid 0.64 percent to 10,924.30 points.
Other key companies in the Apple supply chain were also affected, including Taiwan Semiconductor Manufacturing Co (台積電), which dropped 1.1 percent to NT$261, and Hon Hai Precision Industry Co (鴻海精密), which declined 1 percent to NT$79.30.
Largan’s bigger pullback reflected its disappointing sales last month. [FULL STORY]