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Inotera shares post biggest gains on main board in 2013

Inotera shares post biggest gains on main board in 2013

Taipei, Jan. 9 (CNA) Shares of DRAM maker Inotera Memories Inc. posted the highest gains among the 838 companies listed on the Taiwan Stock Exchange (TWSE) in 2013 as the memory industry hit a turning point, the exchange said Thursday. According to the TWSE, Inotera shares rose 468.48 percent in the past year, providing investors with the highest return in the market on hopes that its bottom line will continue to improve on the back of a recovery in DRAM prices. The gains posted by Inotera significantly outperformed the broader market, where the weighted index rose 11.85 percent last year. Since major DRAM manufacturers around the world have been gearing up to cut production and rein in supply, product prices have bounced back sharply last year, and continue to grow this year, market analysts said. A fire in early September that affected production of a plant in China run by South Korea's SK Hynix Inc., gave another boost to DRAM prices. Buying in Inotera shares has been strong, as many investors have high hopes that the DRAM maker will report a net profit for 2013. In the first nine months of last year, Inotera's earnings per share stood at NT$1.78 (US$0.06), compared with NT$2.26 in loss per share recorded in the same period of 2012. Printed circuit board supplier Cheer Time Enterprise Co. and headset maker Merry Electronics Co. came in second and third with their shares up 433.89 percent and 369.78 percent, respectively, on the back of strong institutional buying, the TWSE statistics show. Auto parts manufacturer BizLink Holding Inc. posted the fourth- largest gains of 299.68 percent in 2013 as investors hailed a booming global electric car market, followed by flat panel supplier Hannstar Display Corp., with a 245.31 percent gain in reflection of an improving bottom line. On the other hand, touch panel maker TPK Holding Co. suffered a 64.06 percent drop in its share price in 2013, the steepest decline among the listed companies, amid worries over escalating price competition. Genius Electronic Optical Co., a camera lens supplier, incurred 56.31 percent losses in its share price last year, the second-largest loss, followed by smartphone vendor HTC Corp. with a 52.52 percent decline, glass substrate maker G-TECH Optoelectronics Corp. with a 49.59 percent drop, and flat screen producer Young Fast Optoelectronics Co. with a 45.70 percent decrease. (By Tien Yu-pin and Frances Huang)


Updated : 2021-06-15 21:26 GMT+08:00