What They Say
AUO & Innolux released their results for October. Innolux was up in revenue by 7.4% on last year, but down by 9.0% from September in value. The firm was down 7.1% in volume on large panels to 12.04 million compared to last month, while small and medium panels were down 15.1% to 24.59 million.
AUO was up 18.1% year on year in value, although also down 7.9% month on month. Overall area was down 4.3% from September. Year on year for the YTD, AUO remains 42.5% up.
What We Think
I would expect to see a drop in large panels in Q4 as most of the panels for seasonal peak TV set sales will have been made in Q3. Given the falling prices, its unclear how much longer the firms can expect to see year on year growth in a particular month, although for the whole of 2021, the result will be positive. (BR)
AUO at Touch Tainwan 2019. Image:Meko
