Handset Components | TAIWAN   分析报告

Action
September, as expected, was another strong month. Most makers sequentially
grew from the high base. Touch was the best-performing subsector. We believe
strength in handset components will continue in Oct/Nov on the smartphone tre
resulting in single-digit growth in 4Q10F. Apple’s supply chain is likely to see ex
growth from potential new product launches for 4Q10-1Q11F. In the near term,
TPK IPO (in late October) could trigger a re-rating for the touch panel sector.