News Videos
International Edition


September 20, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Ememory shares surge yesterday despite being flagged by regulators

TAIPEI, Taiwan -- Shares of Ememory (力旺) yesterday recorded its third consecutive day of 7-percent intraday gains despite being flagged by regulators for anomalous trading activity.

The over-the-counter GreTai Securities Market (GTSM, 櫃買中心) earlier flagged Ememory shares following a change enacted last month to step up monitoring measures on trading activities. After a weeklong streak of surging gains, the GTSM stated that investigations are ongoing for suspected market manipulation.

Under the flagged status, market orders for Ememory shares have been limited to manual matching at 20-minute intervals, instead of the more expedient automatic matching system.

Meanwhile, foreign institutional investors have expressed upbeat outlooks on Ememory with varying optimism. Barclays PLC yesterday announced a staggering NT$750 target price for the company's shares, while Macquarie Securities and KGI Securities (凱基) announced more grounded target prices of NT$287 and NT$300 respectively.

Ememory shares yesterday gained NT$17.5, or 7 percent, the maximum daily fluctuation allowed on the GTSM, to close at NT$274.5.

Market commentators stated that Ememory is poised to fluctuate at the NT$287 and NT$300 band in the near future, and must surmount its short-term ceiling before the reaching of new heights becomes likely.

According to Macquarie Securities analysts, the company's earnings from patent licensing fees in the second quarter are expected to grow 5 percent quarter-on-quarter, and continue accelerating through the third quarter. Most notably, the company is listed among the major suppliers of power management integrated circuits for Apple's upcoming 4.7-inch iPhone 6 handset, with its sales performance expected to be padded by the popularity of the U.S.-made smartphone.

KGI Securities analysts stated that they deem the company's earnings prospects to be robust, and expect its operating margin to improve from last year's 42 percent to the 48.6-53.1 percent range this year.

Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search