HTC Corp shares rose yesterday on the eve of the launch of its new One series, setting a new high of more than four months.
HTC shares opened high and moved higher, rising by 10 percent at one point, the maximum daily increase, to NT$82.20, a new high since the NT$75.30 recorded on June 9.
HTC’s share price has been in decline this year, hitting bottom at NT$40.35 on Aug. 24, when it announced a US$60 million share buyback.
The share price has rebounded by 103 percent since the repurchase program to restore investor confidence and increase shareholder value. In addition, net purchases by foreign institutional investors have reached 36 million shares since Sept. 8.
HTC is to launch its much-anticipated One series, believed to be the HTC One A9, simultaneously online in Taipei, New York, London and New Delhi today.
The new One series is expected to boost HTC sales in the fourth quarter.
HTC shares closed at NT$81 yesterday in Taipei trading, up 8.29 percent, or NT$6.20 from the previous session.
HTC’s rally spurred on other non-Apple smartphone suppliers, with Ichia Technologies Inc (毅嘉科技) gaining 6.6 percent to NT$20.20, Merry Electronics Co (美律) rising 5.75 percent to NT$64.40 and Silitech Technology Corp (閎暉實業) gaining 1.03 percent to NT$19.60.
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