Young Fast net profit for 3Q10 to remain at NT$800 million, TPK net profit to increase sequentially - ResearchInChina

Date:2010-10-20liaoyan  Text Size:

Surging demand for touch panels due to seasonality for handsets and tablet PCs, will help net profits of touch panel maker Young Fast Optoelectronics maintain at NT$800 million to NT$1 billion in the third quarter of 2010, and the net profits of fellow touch panel maker TPK Touch Solution to increase on quarter.

TPK's revenues in the second quarter exceed NT$10 billion with net profit exceeding NT$1.1 billion, and the company's revenues and profit in the third quarter are expected to exceed the levels in the second quarter.

Although market observers expect Young Fast's gross margin to drop in the third quarter, the touch panel maker's profit is expected to maintain at NT$800 million to NT$1 billion amid increasing revenues. Recent changes in currency exchange rates are expected to have some impact on the touch panel maker's profit in the third quarter, but Young Fast is expected to remain top for EPS as the company holds relatively little in capital stock.

Young Fast is scheduled to hold its investors conference on October 26, while TPK's investors conference is scheduled for October 28.

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