Rabobank in business

The new government's liberal economic policies are seen to be more aligned with growth opportunities and improvement in economic fundamentals. It is possible that this will lead to greater investor confidence and a pick-up in domestic consumption and retail sales growth. The New Taiwan Dollar (NTD) may continue to appreciate given that political tensions across the Straits have eased to a certain extent. Capital inflows into the domestic property market for residential and commercial projects are anticipated to be further accelerated. Developers with land reserves and project momentum could also expect to benefit. Furthermore, banks are likely to increase their fee-income potential and improve returns in the high-yield consumer finance business.

Linked to the price performance of below component shares:

• 1 ordinary share of Far Eastern Department Stores Ltd. (Bloomberg code: 2903 TT)
• 1 ordinary share of Chinatrust Financial Holding Company Ltd. (Bloomberg code: 2891 TT)
• 1 ordinary share of Cathay Financial Holding Co., Ltd. (Bloomberg code:2882 TT)
• 1 ordinary share of Yuanta Financial Holdings (Bloomberg code:2885 TT)
• 1 ordinary share of First Financial Holding Co. Ltd. (Bloomberg code:2892 TT)
• 1 ordinary share of Farglory Land Development Co., Ltd (Bloomberg code:5522 TT)
• 1 ordinary share of Taiwan Fertilizer Co., Ltd. (Bloomberg code:1722 TT)
• 1 ordinary share of Far Eastern Textile Ltd. (Bloomberg code:1402 TT)
• 1 ordinary share of Yulon Motor Company (Bloomberg code:2201 TT)