Taiwan Market Comments 2010/10/15

FINIs
* 33% of US$7.5bn turnover in 4 names. Narrow and getting more narrow
* FPG 1301 +US$104mm. After that small buying.
* Catcher 2474 +1.9% of company. Wintek 2384 another +1.6%. FINIs keep buying Wintek.
* Unimicron 3037 bashed -2.38% sold.
* Previously hot names HTC 2498 Mediatek 2454 HH 2317 all seeing better selling. US$7.5bn for the week with limited action.
ITCs
* Top buy 1704 +$19mm. This is a big bet in this environment.
* Selling HTC 2498 -$22mm and Unimicron 3037 -$22mm. Bad news in Unimicron is in market.
* Total trading of US$900mm, w/ a low bias towards the sell side.
Local Prop
* Buying Unimicron 3037 +4.6mm w/ decent bias 48. 1704 bought w/ ITCs, as well as other petrochem names.
* Selling of Wintek 2384 and HH 2317, but nothing aggressive.
* Total volume $1.3bn, slightly better sellers.
IRP L/S Picks
1. Autos 汽車類指數
2. Cable 電器電纜類指數
3. Textile 紡織纖維類指數
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

Tagged with: 22mm • Bad News • Bet • Bias • Finis • Fpg • Hh • Itcs • Market Comments • Taiwan Market • Textile • Tourism • Turnover • Unimicron • Volume 1 • Wintek

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