Teco Electric & Machinery Company Limited
TPE:1504 ISIN:TW0001504009
Teco Electric & Machinery Co., Ltd. (TPE:1504) is principally engaged in the manufacture and distribution of heavy electrical equipment and electrical control products, as well as home appliances and air conditioners. Its heavy electrical equipment products include energy-saving motors, synchronous machine, direct current (DC) motors, ventilators, power generators, magnetic switches, distributors and variable frequency drives. Its home appliance and air conditioner products include far infrared refrigerators, inverter refrigerators, disposable refrigerators, oxygen generating refrigerators, liquid crystal displays (LCDs), panel televisions, digital versatile discs (DVDs), acoustics and others. The Company is also involved in engineering business.
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US shares overnight declined, led by telecommunications sector. Sprint Nextel officially unveiled a new mobile phone able to tap into super-high speeds. Sprint Nextel rallied but all other telecom fell on competitive worries. Portugal's credit rating downgrade also weighed on the US market. Most Asian markets posted modest gains Wednesday. Japan's Nikkei index was up 0.4. China's Shanghai Composite and Hong Kong's Heng Seng Index advanced 0.1 per cent each, helped by strong corporate earnings reports. South Korea's Kospi slightly declined by 0.05 per cent.
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