What They Say
In line with the positive results in the LCD business, AUO and Innolux announced strong results for March with the first reporting revenue of $1.08 billion, up 20% on February and up 49.8% on a year ago. Innolux was up 7.4% on a month ago at $1.09 billion, fractionally above its rival and 57% up from last year.
For the quarter AUO was at $2.91 billion up 3% on Q4 and 54.5% on last year. In area term, it was down 6.3% QoQ, but up 15.2% YoY. Innolux saw Q1 revenue at $2.944, again fractionally ahead of AUO and up 7.4% over Q4 and up 39.9% on 2020.
What We Think
The contrast between the revenue and area growth emphasises the solid pricing that is still holding in the market. The stock prices are both doing very well with this strong performance. An investment in these companies would have given stellar returns! I’ve shown the chart for Innolux, but the one for AUO is very similar. (BR)
