Largan shares boosted by November sales data

The China Post
Date: December 7, 2016

TAIPEI — Shares of Taiwan-based Largan Precision Co. (大立光), a smartphone camera lens supplier to Apple Inc., climbed Tuesday on its November sales data and upbeat outlook for December, dealers said.

The gains posted by Largan, a large-cap stock, helped pull the broader market out of the doldrums of the recent sessions after high-tech stocks rose on Wall Street overnight, they said.

Shares of Largan rose 2.65 percent to close at NT$3,675.00 (US$115) on the Taiwan Stock Exchange (TWSE) on Tuesday, while the weighted index ended up 0.98 percent at 9,250.77. Largan remained the most expensive stock on the Taiwan market and was the 10th largest cap stock on the main board as of Monday.

“Based on its revenue report, Largan joined other TWSE blue chips in posting significant gains today, pushing up the broader market and helping the weighted index recover from its losses in recent sessions,” Mega International Investment Services Corp. analyst Alex Huang said.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.