The China Post news staff
Positive HTC sales outlook seen by both foreign as well as domestic investors will likely push HTC’s stock to NT$1,000 per share in the near future, they said. Shares of smartphone maker HTC reached a 50-month high of NT$900 Monday and were ranked the best performing stock followed closely by second place performer Giga Solar Materials.
HTC share prices peaked at NT$913 before closing at NT$900, up NT$3 from the day before, making the Monday performance their first return to the NT$900 mark since September 2006. Shares of second place Giga Solar Materials closed at NT$858, down NT$15 from the NT$900 high set in recent days. Although December revenue was flat, higher than forecasted November returns is expected to set a record revenue high of NT$100 billion for HTC’s fourth quarter on sales from sold-out products like Android-based Desire HD and Desire Z worldwide.
It is believed the traditional strong February Chinese Lunar New Year is expected to extend the positive quarterly outlook into the first quarter next year as well.