TPK forecasts Q2 operating loss

TRANSITION: The touchpanel manufacturer expects a significant rebound in the second half of the year as customers begin shipping new products in August

Taipei Times
Date: May 04, 2018
By: Lisa Wang  /  Staff reporter

Touchpanel supplier TPK Holding Co (宸鴻) yesterday said it expects to post its first

TPK Holding Co CEO HH Chiang speaks at an investor conference in Taipei yesterday.
Photo: Chen Mei-ying, Taipei Times

operating loss in two years this quarter, as customers are reducing shipments of older-generation products ahead of new product launches in the second half of this year.

Revenue is projected to plunge about 20 percent this quarter, compared with NT$20.85 billion (US$701 million) during the first three months of this year.

“The second quarter will be the trough this year. Our clients have released their outlook for the next two quarters and we are basically following their business pattern,” TPK chief strategist Freddie Liu (劉詩亮) told investors. “Clients are adjusting [downward] during the product transition period… There have been drastic changes in [client] orders lately.”

TPK now expects its factory utilization to trend down further from last quarter and anticipates an operating loss this quarter, he said.    [FULL  STORY]

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