Telco - Pick-up in yoy turnover growth rate in Aug

■   On average, shares of HK-listed hardware names outperformed the market and those of their global peers on a one-month basis.  

■   Taiwan-listed technology names reported their Aug 21 turnover. In general, there was a pick-up in the yoy growth rate in Aug 21 vs. Jul 21.

■   In the semi supply chain, yoy turnover growth of foundries outperformed. In the PC supply chain, both PCB and ODMs reported faster yoy revenue growth in Aug 21.

■   The upcoming Apple product launch and China handset shipment figures will be short-term catalysts for the handset supply chain. 

■   The analysis in this report is based on industry and macro figures and may differ from the views of individual analysts, in some cases.