Taiwan Market Comments 2010/10/01

FINIs
* 33% of US$5bn turnover in 4 names. Even more narrow
* No bias significantly greater than 50. Hon Hai 2317 top buy $120mm, then tailing off.
* Selling of major tech names Mediatek 2454/TSMC 2330 and HTC 2498, but again conviction low.
* Local fav Wintek 2384 bought. +3.4% of the company. Mediatek 2454 saw -1.5% of company sold.

ITCs
* Epistar 2448 $42mm, heavy favorite.
* Other names like GET 3519 seeing big moves +4.7% of company.
* Volume light at $780mm, with no moves into other names.

Local Prop
* Bot $10mm HTC 2498, remaining bullish.
* Epistar 2448 US$-8mm. Scalping ITCs
* Very neutral bias in other names

IRP L/S Picks
1 Autos 汽車類指數
2 Consumer 貿易百貨類指數
3 Tourism 觀光類指數

IRP Long Only Picks
1 Autos 汽車類指數
2 Consumer 貿易百貨類指數
3 Tourism 觀光類指數

Expectations of increased consumer spending, either from local consumers or mythical China Tourists.

Tagged with: 2448 • China • Company Volume • Consumer Spending • Consumers • Conviction • Epistar • Fav • Finis • Hon Hai • Htc • Market Comments • Neutral Bias • Taiwan Market • Tourism • Tourists • Tsmc • Turnover • Volume Light

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