The US brokerage meanwhile retained its "equal-weight" rating on Chinatrust Financial and cut its earnings per share estimate by 24 percent to NT$16.7 this year, citing the impact of unwinding consumer bad debts and the uncertainty of its acquisition plan.
Mega Financial closed down 1.44 percent at NT$24 while Chinatrust Financial advanced 0.56 percent at NT$26.75 on the Taiwan Stock Exchange yesterday.
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