Monday, January 17, 2011

EpiCentre

EpiCentre: DMG issues note highlighting Apple results tmr night. Recommends beneficiary EpiCentre, largest Apple Premium reseller in region, expects its first Beijing outlet in 2012. House has Buy on counter with TP$0.51. As a concept play on Apple, other beneficiaries would be Hi-P which counts Apple as its 2nd largest client, and manufactures their components and peripherals… and ECS, a distributor of Apple products in China. EpiCentre is trading near support $0.365, recent weakness with falling MACD and overbought condition, however Apple’s results to be nxt catalyst for move.

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