Reported 12 months ago
Provided by Guopu Futures, Chen Yuguang summarized on July 3, 2024, at 4:10 pm. Innolux (3481) futures have been retracing for several days under bearish fundamentals, continuing to be pressured under the 5-day line. Technical indicators also maintain a bearish stance, but the price has reached an important support level at 2x satisfaction point and the quarterly line checkpoint, suggesting a possible stabilization in the short term. However, considering the current weak panel demand and low quotations in the market, which may persist into the second half of the year, a conservative outlook is recommended in the long run. Factors such as sports events and new product stocking waves are expected to stimulate panel demand. Innolux expects a 11%-13% quarterly increase in large-size shipments and a 4%-6% quarterly increase in average selling prices for the second quarter. However, according to the research organization WitsView, due to weak television demand, the average TV panel price is only expected to rise by 1.6%-4.1% in the second quarter, below Innolux's estimate.
Source: YAHOO