According to experts, what industry gurus will say at their respective meets, as well as the outcome of the vote in Greece, will determine if the TAIEX will stand firmly above 7,100 this week and launch a V-shaped rebound.
On average, some 100 companies will have their confabs each day of the week. Among the traditional companies that will hold their meetings are Formosa Plastics, Nanya Plastics, Taiwan Cement, and Uni-President.
Also to be watched for are meetings held by high-tech and electronics firms. Besides Hon Hai and its affiliate business Foxconn Technology, a slew of PC and Apple-related firms will hold their meetings today, including Largan and Inventec.
Delta and Siliconware Precision Industries Ltd. will have theirs on Tuesday, while Advanced Semiconductor Engineering and Wistron will headline Thursday’s events.
Also on Thursday, major tourism operators and retailers will hold their conferences, including Grand Formosa Regent Taipei, Leofoo and Far Eastern Department Store.
The week will close with meetings held by heavyweight contract PC makers Quanta and Compal, as well as those held by eight financial holding firms, namely Hua Nan, China Development, E.Sun, Taishin, Waterland, First Financial, Taiwan Cooperative and Jih Sun.
Investors will pay special attention to remarks from heads of companies whose primary business focus is on China, in the lead-up to the eighth meeting between the top negotiators of Taiwan and China, namely P. K. Chiang, chairman of Taiwan’s Straits Exchange Foundation, and Chen Yunlin, chairman of China’s Association for Relations Across the Taiwan Straits.
These companies include Uni-President, Taiwan Cement and Asia Cement, as well as tourism operators and retailers such as Grand Formosa Regent, Leofoo, Phoenix Travel, Far Eastern Department Store and Uni-President Chain Store, which operates 7-Eleven convenience stores on both sides of the Strait.
Yet nothing will attract investors more than statements from Terry Gou, chairman of Hon Hai. Specifically, they will hear what the tech guru has to say about Hon Hai’s stake-purchasing in Sharp, its business ties with Apple, its retail strategy in China, the global economy and its operational outlook for the second half.
According to the Central News Agency, Gou will talk about his “vertical” and “horizontal” integration strategies. Vertically, Hon Hai has gained control over most parts of the supply chain, from the production of upstream parts and components all the way down to the retail level.
Horizontally, Hon Hai has mapped out a strategy involving cooperation with Apple, Microsoft and Google to allow access to all of Hon Hai’s retail portals via PC and mobile devices supporting the iOS, Windows 8 or Android operating system, CNA said.