PANEL MAKERS: Its stock rose to NT$6.32, while AU Optronics Corp and Innolux Corp inched up 0.14 percent and 0.24 percent to NT$7.66 and NT$6.32 respectively

Taipei Times
Date: Aug 09, 2019
By: Lisa Wang  /  Staff reporter

LCD panel maker HannStar Display Corp’s (瀚宇彩晶) shares yesterday rallied 9.53 percent in Taipei trading after posting positive results for last quarter a day earlier, outperforming its local peers.

The stock skyrocketed to NT$6.32, while shares of the nation’s two biggest panel makers, AU Optronics Corp (AUO, 友達光電) and Innolux Corp (群創), inched up 0.14 percent and 0.24 percent to NT$7.66 and NT$6.32 respectively.

HannStar’s net profit surged 66.67 percent to NT$305 million (US$9.72 million) in the second quarter from NT$183 million in the first, but dipped 63.2 percent from NT$829 million a year earlier.

Earnings per share were NT$0.1, up from NT$0.06 in the first quarter, but down from NT$0.26 the previous year.    [FULL  STORY]