March 14, 2014
AU Optronics and Innolux are rumored to be in discussions over merger possibilities, reports DigiTimes, citing market observers. Rumors began spreading in Taiwan's media over th elast few weeks that are geared towards keeping Taiwan's panel industry competitive and increased competition from other panel makers in Asia.
The Board of the Company proposed dividend distribution
Published pursuant to Article 2-14 of the Taiwan Stock Exchange's Operating Procedures for the Publication of Material Information by Listed Companies
Date of the board of directors resolution :2014/03/11
Appropriations of earnings in cash dividends to shareholders (NT$ per share):
Cash dividends of NT$ 1,443,636,767 (NT$0.15 per share, i.e., NT$150 for every 1,000 shares)
Cash distributed from legal reserve and capital surplus to shareholders (NT$ per share):NA
Total amount of cash distributed to shareholders (NT$):
Cash dividends of NT$ 1,443,636,767 (NT$0.15 per share, i.e., NT$150 for every 1,000 shares)
Appropriations of earnings in stock dividends to shareholders (NT$ per share):NA
Stock distributed from legal reserve and capital surplus to shareholders (NT$ per share):NA
Total amount of stock distributed to shareholders (shares):NA
Remunerations for directors and supervisors (NT$): NT$ 11,287,015
Cash bonus to employees (NT$): NT$ 564,350,772
Stock bonus to employees (NT$): NA
Any other matters that need to be specified: NA
Beneath Value in AUO Stock, the Company still growthing 6.1% YoY!
March 7 Fri Mar 7, 2014 3:40am EST
(Reuters) - AU Optronics Corp
* Says February sales at T$28.18 billion ($930.83 million) versus T$27.73 billion a year ago
February 2013 27,733
YoY Change 1.6%
Jan to Feb. 2014 59,785
Jan to Feb. 2013 56,327
Y-o-Y Growth 6.1% -
C.H. Liu, assistant V.P. of WitsView Technology Corp., a LCD market research firm, pointed out that Sony's TV-panel procurement strategy saw major changes in 2014, with the first being to decrease dependence on Samsung by cutting procurement volume year by year, and quarter by quarter. At the same time, Liu said, Sony is increasing TV panel outsourcing to Taiwanese and Chinese suppliers. In 2013, Sony procured both 55- and 65-inch 4K2K TV panels from AUO, and this year the Japanese vendor will outsource some sizes of panels to Innolux to further expand its 4K2K TV lineup.
In 2013, Sony's TV-panel procurement ratio from Samsung was about 48.5%, and from LGD about 16%, or a total of 65% from Korean suppliers; compared to AUO's 25%, Innolux's 6.5%, and Sharp of Japan's 4%. Sharp shipped 60- and 70-inch extra-large panels to Sony mainly through Hon Hai, the major contract assembler of Sony TVs and the parent of Innolux.
This year, Sony's TV-panel procurements from Samsung, LGD, and AUO are expected to be 35%-38%, 20% and 30%, respectively. Sony's total TV-panel procurements from Taiwan are expected to be 5.5 million units, including high-end products such as 4K2K and curved panels.
By: Quincy Liang | | Posted: 05 Mar 2014, 14:39
Taiwanese suppliers of thin film transistor-liquid crystal display (TFT-LCD) panels are expected to benefit from Sony of Japan's decision to lower TV-panel outsourcing rate from Samsung of Korean to 35% this year, from 48.5% in 2013, according to industry sources.
AU Optronics Corp. (AUO), a major TFT-LCD panel maker in Taiwan, is expected to account for 30% of Sony's total TV-panel purchases in 2014, while Innolux Display Corp., another major maker on the island, is expected to command 4% to 6%. The two Taiwanese companies will both be the major suppliers of 4K2K, or UHD (Ultra High Definition), TV panels to Sony.
Sony once tied up with Korean counterpart Samsung in setting up the S-LCD Corp. in 2004 to manufacture amorphous TFT-LCD panels for LCD TVs, but the Japanese company decided to terminate the partnership in 2011 due to losses from the TV business caused by high panel procurement cost. Finally, Sony sold all its shares in S-LCD to Samsung, and in recent years the Japanese company has been gradually trying to increase its panel procurement from Taiwanese suppliers, as well as technical cooperation ties. Industry sources said that Sony and AUO have been in close partnership in active matrix organic light-emit diode (AMOLED) and curved TV panel technology and product development projects.
Rebecca Kuo, Hsinchu; Alex Wolfgram, DIGITIMES [Friday 21 February 2014]
AU Optronics (AUO) is currently running at full capacity on its lines ranging from 3.5G-8.5G. The company is seeing increased demand for products that have larger-size panels, bezel-free features and possess higher resolution such as Ultra HD, according to company president Paul Peng.
AUO has recently received short lead-time orders for notebook panels despite the fact that the first quarter is the low season, Peng said, adding notebook panel inventories in the market are at low levels currently, as a result of notebook vendors' cautious approach to placing orders furing the second half of 2013.
He said AUO's notebook panel shipments may see only a slight drop in 2014, with a chance of staying flat should notebook replacement demand emerges.
Notebook panel supply has been tight as other panel makers have switched production capacity away from the notebook segment to tablets and smartphones, Peng remarked.
The president went on to say that AUO's vehicle revenue proportion is expected to reach more than 5% this year, compared to less than 5% last year. He said the company has entered the supply chains of three major Japan-based vehicle companies.
Additionally, AUO has nearly reached 90% yields for its LTPS TFT LCD technology, said Peng. When asked about the recent LTPS TFT LCD developments by China- and Japan-based makers, Peng said that he is not convinced there will be an oversupply of the technology in the market due to the amount of efforts needed in producing sufficient amounts, as there are high technology thresholds to overcome.
Peng also said that China panel makers are expected to increase their panel surface area production capacity by 5-6% in 2014 while demand on the other hand is expected to rise 8-10%.
AUO currently has 3.5G and 4.5G LTPS TFT LCD fabs, with production on the 3.5G line reaching about 27,000 substrates a month and 45,000 substrates on the 4.5G line.
AUO finally breaking out on Taiwan Stock Exchange. +7% Today on high Volume! I think we will now see a nice Upward Trend. Maybe this caused the Bounce:
Innolux, AUO Win Big-ticket New Orders for Value-added Panels
Both Innolux and AUO have pulled ahead their Korean rivals in big-volume shipments of 4K2K TV panels, and their revenues and profits are expected to show further improvements this year.
As the world's leading supplier of 4K2K TV panels in 2013, Innolux has this year extended its customer pool from major Chinese color-TV vendors to Japanese brands . The company is targeting shipments of more than 12 million such panels in 2014, an increase of 500% over last year.
AUO, the pioneer in the promotion of curved LCD TV panels, began shipping 65-inch panels to Japan's Sony and China's Changhong in 2013. The company recently won orders for curved panels from Samsung, the world's largest TV vendor, as well as from white-brand home-appliance makers in China, keeping its production lines fully occupied.
With its improved yield rate and growing ratio of higher unit-price products (such as 4K2K panels) in its shipments, industry sources said, AUO is expected to be profitable in the first quarter of this year, confounding predictions by foreign institutional investors that its operations would be in the red.
A senior official of the market research firm WitsView Technology Corp. pointed out that first-quarter TV panel prices are still above the overall costs of panel suppliers, and that the upgrading of equipment at the seventh- and eighth-generation (7G and 8G) factories of Taiwanese suppliers is expected to help cut cost and enhance profitability.
Glad, i have holding my Shares. My Average is 3.067$ 10.000 Shares
HIMX to AUO. Just contrasting the market cap and revenues of each of these two companies helps me realize the extent of a profits. HIMX was trading under a dollar only to trade in the teens with a dividend after positive earnings. AUO post Febuary,2, 2014?
Cant understand!!! AUO did make best Profit since 2010 and Share Price is the worst since 2010.... I`m holding my Shares, but it seems its still dead Money for a while...
From AUO Website:
...Looking back to the fourth quarter, market prices for TV panels were still on the decrease. Nevertheless, through the cost control and operating efficiency improvement, AUO continued to generate profits with operating margin and EBITDA margin achieving 1.0% and 16.0%, respectively. In addition, the Company’s area shipment for the quarter also reached record high. On the other hand, thanks to the prudent inventory management, the Company’s amount of inventory continued to decline, while its days of inventory further improved to 38 days and hit a four-year low.
Looking forward to 2014, displays will continue to follow the trends of better resolution and bigger screens. AUO has successfully launched the word’s first UHD 4K Curved LCD TV display and pioneered in mass production of the 6-inch WQHD (resolution 2560×1440) ultra high resolution LCD panel for Smartphones at the end of last year(6). The Company will continuously focus on the technological upgrade and product differentiation. It will also proactively develop the sectors with high growth potential as well as high entry barriers, such as car displays, hoping to discover growth momentum and secure technological lead within the highly competitive TFT-LCD industry, with an aim to further enhance its operating performance...
TAIPEI Mon Jan 27, 2014 11:52am IST
Jan 27 (Reuters) - Taiwan's AU Optronics Corp , the world's fourth biggest LCD maker, posted on Monday its third consecutive quarterly profit that beat market expectations, boosted by robust shipments and low inventory.
AU Optronics, which supplies major brands like Apple Inc , Hewlett-Packard Co, Dell Inc and Sony Corp, posted a net profit of T$1.08 billion ($35.7 million) for the October-December period, its third consecutive quarterly profit after 10 successive quarters of losses.
Seventeen analysts had expected AU to post a net loss of T$658.38 million. The number compares to net profit of T$2.49 billion in the previous quarter and a net loss of T$12.5 billion in the same quarter last year.
The LCD maker said its consolidated revenues for the fiscal year 2013 rose 10 percent year-on-year to T$416.36 billion, while net profit at T$4.25 billion.
Before the announcement, shares of AU closed down 2.2 percent, versus a 1.6 percent fall in the broader market .
($1 = 30.2235 Taiwan dollars)
We find interesting that our system allows for sueing of companies such as AMD and not for oil related industries for price establishment (Price fixing). As I consume by products for fracturing to allow the export of hydrocarbons- interesting?
Don't own this stock and I'm seeking an entry point at around its 50day simple moving avg. But I do feel the pain of existing shareholders...
Full year profit for 2013 is expected as well and should exceed US $300M. An about-face from 4 consecutive years of losses. Same goes for Chi-Mei.
Looks like the share prices have a bit of catching up to do. Make that a lot of catching up to do....