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English to French translations [PRO] Bus/Financial
English term or phrase:ADR
We accumulated AU Optronics on share price consolidation following its strong run in 4Q01 and 1Q02. Among the electronic component sectors, TFT-LCD panel is the one that continues to face excess demand even in a slow season. We believe the share will regain momentum again supported by solid fundamental right after launching of its ADR some time in May. Earnings upgrade will be the major driver for share price.