Shares of BMW Taiwan distributor soar after 2020 results
03/16/2021 12:42 PM
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Imported BMWs parked outside a shipping dock in central Taiwan / File photo courtesy of the Port of Taichung branch of the Taiwan International Ports Corporation.
Taipei, March 16 (CNA) Shares of Pan German Universal Motors Ltd., an authorized distributor of luxury car brands BMW, MINI and Porsche in Taiwan moved sharply higher Tuesday morning on its strong 2020 earnings, dealers said.
While the bellwether electronics sector fell into consolidation mode, cash-laden investors looked for targets among non-tech stocks, and Pan German Universal Motors reaped the benefits after reporting a 46.4 percent increase in net profit in 2020, they said.