Serial Systems

Serial Systems: -3.1% at $0.155, among top actives. Sias maintains Overweight with $0.20 target. Says company’s past capex investments in China paying off, with China contributing to bulk of growth in 3Q10 results. The distributor of electrical and electronics components counts Haier, Changhong amongst its major customers, and continues to gain mkt share as it acquires new customers such as Tyco Electronics Sees successful TDR listing as catalyst, which will help company raise new funds to support business expansion, and improve the co’s visibility in Taiwan.