Institutional investor says optimistic regarding 2013
The China Post news staffTAIPEI, Taiwan -- An institutional investor has expressed optimism about 2013, with Chen Chao-deng (陳朝燈) of Schroaders (施羅德投信) predicting two share-price peaks this year during the first and fourth quarters.
February 13, 2013, 1:28 am TWN
Chen said the peak in the fourth quarter will exceed that of the first, adding that several conditions are in place for a round of economic recovery, citing various improving indicators.
In addition, Chen cited growing export orders in industries such semiconductors, chip fabrication and display panels, with forecasts of increased revenues spurring on substantial buy-side signals.
Chen said this represents an opportunity which has eluded investors for the better half of a year.
Chen recommends investing in 4th Generation (4G) broadband infrastructure, cloud computing, retail and smartphone makers, in addition to medical, biotechnology and financial companies, which are poised to benefit from the impending loosening of policy in China.
The stock market closed at 7,906 points on Feb. 6, marking the 15th consecutive year where the last trading day prior to the Chinese New Year's holidays recorded gains for the index.