Innolux UpdateYesterday we noted the weakness at Taiwanese display producers in April, which caused all three to see declines in shipments and sales. Innolux (3481.TT) has now given some guidance as to what it expects for 2Q, which is an increase of 7% to 9% for large panel shipments and an increase of 17% to 19% for small panel shipments. While this sounds like a positive for the company, Innolux is also expecting a a 10% to 13% decrease in ASP, which will likely generate an operating loss. The company also announced a 50m share buyback, which is equivalent to 0.47% of the outstanding shares and declared a dividend of 18.99% of 2021 EPS, or NT$1.05 ($0.04 US). 1Q operating p[profit was NT$2.243b ($75.186m US).
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April Taiwan Panel Debacle |
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