Sector Update: 06.08.12 to 10.08.12

World news has thankfully been quiet for the past few weeks b/c of the olympics and European politicians on their summer holidays. Sector wise, financials were hit on the back on short term profit taking while the industrials sector (mainly are export manufacturers) had a stellar week on the back of strong earnings announced during 2Q12. With earnings season now officially over as of yesterday I expect the market to be relatively quiet except for the companies that under/outperformed expectations (JMART, KTC, DEMCO, SVI, GL, DSGT) amongst several others. Enjoy!



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