Taiwanese stock market projections by some analysts are expecting good things for Taiwanese netbook manufacturers, according to Bloomberg.
Portfolio manager in Taipei of First Financial Investment Trust Co. Jacky Cheng explained quite simply why netbook stocks are likely to rise:
“In a bad economy, everyone is switching to the cheaper netbooks.“
He didn’t say just which firms are expected to boom this quarter but everyone’s eyes are on Acer, which recently took the number one position in netbook sales.
Taiwanese markets took a hit after the July 28 arrival of Typhoon Morakot, Taiwan’s deadliest storm in half a century. Nevertheless, the Taiex index has seen unbelievable gains of 49% this year.