The outlook for Taiwan's downstream electronics hardware companies, retail consumer stocks, and financial sector is bullish over the next six to 12 months, said Jenny Lai, head of the research department at HSBC Securities (Taiwan) Co., at a press conference.
Lai projected that with the political situation in the country now stable after the recent elections, the government might expedite the policy of allowing Chinese investment in Taiwan that could help boost the stock market.
In terms of cash flows, Lai was also optimistic that foreign capital would continue to enter the market, saying that only one third of the US$11 billion in foreign investors' net sales at local stock market in the third quarter of 2011 has returned to Taiwan.
Noting that the average earnings per share (EPS) growth rate in Asian stock markets this year is estimated at 9.9 percent, Lai said Taiwan's EPS growth rate is projected at 10 percent. However, that excludes the flat panel and DRAM sectors, she said.
Citing shares prices of businesses in Apple Inc. supply chain as an example, Lai said new technology products will play a major role in giving momentum to the stock market.
Apple has been launching new products, which has resulted in Apple suppliers outperforming on the stock market since January 2008, she said.
Although, Taiwan's stock market is currently in correctional mode, Lai said she is optimistic about its performance since the economy is expected to bottom out in the first half of 2012.
For the latest updates on the stock market, visit Stock Market Today
Taiwan stock market outlook 2012, Taiwan stock market prediction 2012, Taiwan stock market forecast 2012-2013, Taiwan stock market projected 2012, HSBC forecast taiwan shares market 2012-2013, retail consumer stocks 2012-2013 For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
Hong Kong Stocks
- Hong Kong stock market closed 8/20/2012
- South Korean stocks outlook week august 20-24 2012
- Kospi Stock prices prediction week july 16-20 2012
- South Korean stocks Kospi outlook week april 2-6 2012
- Hang Seng open down march 20 2012
- South Korea stock Kospi down 2/27/2012
- Sunshine Oilsands Ltd. ipo shares feb 20 2012
- South Korean stock futures kospi outlook feb 20 - 24 2012
- Joy Global Inc. stock outlook week feb 6 -10 2012
- China Xiwang Special Steel in Hong Kong ipo Feb. 23 2012
- Korea Life Insurance Co shares outlook february 3 2012
- Korea stock market kospi outlook january 9 2012
- Chow Tai Fook and New China Life insurance stock prices dec 15 2011
- Hong Kong stock market december 15 2011
- hong kong shares prices monday july 11 2011
- Hong Kong Stocks to watch june 15 2011, Air China, Cheung Kong, Giordano, ZTE
No comments:
Post a Comment