Bro­ker­age ad­justs TAIEX goal to 10,239 points

The China Post - - TAIWAN BUSINESS -

A Ja­pan-based for­eign bro­ker­age has re­vised its tar­get for the Tai­wan Stock Ex­change weighted in­dex from 9,886 points to 10,239 points, cit­ing bet­ter-than-ex­pected earn­ings fore­casts for fi­nan­cials.

In a re­search note on Mon­day, the Ja­panese bro­ker­age said there were no­table fund flows on the TAIEX last week in tech sub-sec­tors and among fi­nan­cial stocks, de­spite ex­pected weaker de­mand for tech prod­ucts in the sec­ond quar­ter of 2015.

The in­creased net buy­ing was driven by higher earn­ings fore­casts for sev­eral fi­nan­cial com­pa­nies, new mar­ket lib­er­al­iza­tion mea­sures and in­vestor op­ti­mism to­ward po­ten­tial stock connect pro­grams, the bro­ker­age said.

It said its pre­ferred stocks in the fi­nan­cial sec­tor were Fubon Fi­nan­cial Hold­ing Co. ( ), Cathay Fi­nan­cial Hold­ing Co. ( ), E. Sun Fi­nan­cial Hold­ing Co. (

), and Mega Fi­nan­cial Hold­ing Co. ( ). Un­der Tai­wan’s reg­u­la­tions, the name of the bro­ker­age can­not be re­ported be­cause it was of­fer­ing spe­cific fore­casts that could in­flu­ence the mar­ket.

Newspapers in English

Newspapers from Taiwan

© PressReader. All rights reserved.