Shenzhen Enrich Electronics Co.,Ltd

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Company News >> Oversupply of LCD Panels AUO's large panel shipments will be reduced by 2% annually 18th,Apr,2018
                                                The Asian Department of Foreign Investment expects that the LCD panel will continue to supply surplus over the long-term trend, and prices will gradually decline, which will erode the panel plant's gross profit margin and cash flow.
Asian Department of Foreign Investment estimates, AUO's full-year revenue will be reduced by 12% in 2018, gross margin and operating profit rate will fall 6.4 percentage points, 7.3 percentage points, is expected to large-size panel shipments will be reduced by 2%, average The price will be reduced by 12% annually.
Looking into 2019, Asian Department of Foreign Investment projected that AUO's revenue will be reduced by 9% annually, gross margin and operating profit rate will decline by 2.6 percentage points and 3.3 percentage points, while large-size panel shipments will be reduced by 2% annually. The price will be reduced by 11% annually.
Asian Department of Foreign Investment believes that panel makers will start new production capacity from the second half of 2017, leading to oversupply of LCD panels and a downward cycle of entry. This may erode AUO's gross margin and cash flow, and AUO's share price may fluctuate in the coming months. We maintain the "bad to the market" rating and the target price of 10 yuan.
 

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