What exactly are you seeing with d and a declining for imos? Could you elaborate there. Have known about this declining depreciation story for around a year now and so far it has not boosted the stock price much.
I'd put more in IMOS - more EPS leverage (we know EPS grows just from d&a declining) and more potential multiple expansion. I can see himax going up 50-100% from here, but can see IMOS up 100-150% - plus I see listing and buyback as big near term positives to get it going sooner rather than later.