No Profits for Taiwanese Panel Makers in Q119, Possibly All Year
March 25, 2019
Major Taiwan-based LCD panel makers are unlikely to make profits until the second quarter of 2019 at the earliest as continued price declines in large-size panels will offset a rebound in prices of small- and medium-size panels in the first quarter. However, with Gen 10.5 capacity growing in China, there is little reason to believe an upsurge in demand will offset the increased in supply. Innolux posted a net loss of NT$700 million (US$22.73 million) in the fourth quarter of 2018 as gains generated from non-display units were eroded by a net loss of NT$1.4 billion of its core display business. As reported the first two months in 2019 were down Y/Y. AU Optronics (AUO) posted a net profit of NT$280 million for all of 2018, but it incurred a net loss of NT$1.26 billion of its core display business.