Focus on small-cap stocks like IT and automobile parts.

Tong Yang Investment Bank Co announced on 30 that we need to focus on small-cap stocks with improved performances and distinguished merit of low price. Lee Do-han, an analyst of the company said, “Since fourth quarter of 2006, performances of them have remained half of market estimates for five quarters in a row and they have been neglected for long time.”Lee explained that recovery of large set company would ease pressure of lowering unit prices of parts and equipments and lead to improving performances of small companies. He pointed out that Samsung Electronics decided to increase unit prices of LCD parts makers on 28 and it will work positively to improve performances.He added that in addition, due to long negligence, their Price Book-value Ratio(PBR) remain only 80% and are low-priced, which are being emphasized as merits. The investment company recommended LCD parts, semiconductor, and LCD equipments stocks for improvement of profitability due to unit price increase of Samsung Electronics. And it chose automobile parts stocks for merits of low price.In addition, it recommended 15 stocks as low estimate IT and automobile small-cap stocks. They are S&T Daewoo, Tofield, Hansol LCD, Sungwoo Hitec, Intops, KCTec, P&Tel, Woori ETI, Telechips, Top Engineering, Woojoo Electro, Taesan LCD, Yusung lock, FROM 30 and Kornic System.