| The market next week will be
focused on the results from US and how they are digested plus any news from the up and
coming G8 meeting this weekend. Taking on a life of its own, Taiex should fall through
4000 level if there is no govt intervention, as there is no real catalyst to encourage
local/overseas buying. US results to date are mixed and I see it being a company specific
market for buyers. However, taking a 12 mth plus view I would accumulate UMC 2303, SPIL
2325, Asustek 2357, Gigabyte 2376, Honhai 2317, Realtek 2379, Powerchip 5346. There may be
more corporate collapses in Taiwan or loan defaults so stick to company's that meet their
1h01 results. |
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