HDD Sector - Commentary

B19.SI (Beyonics), M14.SI(Magnecomp), J09.SI(Jurong Tech), B01.SI (Brilliant), M29.SI (MMI)

From my simplistic point of view.

HDD related stocks (selective tech stock) have been hammered since the first week of Feb. Today, some of the HDD related stocks seems to on a reversal. Those which display some strength are MMI, Jurong Tech and Beyonics.

Brilliant, Magnecomp are still weak. As of now, Seagate and Maxtor are showing some strength on Wall Street and making some gains. I feel that the last month's consolidation is healthy.

With increase demand in consumer electronics (that require HDD storage medium) the HDD sector should be on a positive stepping as demand continues to drive the tech sector in general. Barring unforeseen circumstance, we will be able to see continual positive upside to the tech sector globally and locally.