Apple plays

Apple plays: Positive spillover from positive guidance Apple reported stellar 4QFY14 results last night, topping estimates with net profit of US$8.47b (+13% y/y) and revenue of US$42.12b (+12%), boosted by strong demand for its new larger-screen iPhones (+16%). In addition, the tech giant provided positive guidance of US$63.5b-US$66.5b for the current quarter, with the bottom end of the range spotting street average of US$63.5b. We do not rule out that the positive sentiment could spill over to the SGX-listed tech counters with exposure to the Apple supply chain. These include: Hi-P, Amtek Engineering, STATS ChipPAC, Epicentre, ECS and Karin Technology.