Wintek and TPK See Mixed Revenues in November

Taipei, Dec.5, 2012 (CENS)--Wintek Corp., a Taiwan-based supplier of touch panels, saw consolidated revenues in November down 13.21% month on month (MoM) to NT$7.356 billion (US$245.2 million); however, due to rising shipments of mid-sized one glass solution (OGS) products, the firm’s operations and profit maintained growths. Another major touch panel maker TPK Holding Co Ltd. is predicted by institutional investors to hit record-high revenues in November, challenging 30% quarter on quarter (QoQ) increase in the fourth quarter.

Despite revenue decline in November due to shrinking orders for iPhone 4S, however, Wintek scored profit growth thanks to massive orders for iPad 4, with consolidated revenues in the first 11 months up 15.22% from 2011 to NT$95.16 billion (US$3.17 billion).

Institutional investors pointed out that due to transition of Apple’s tablet PCs, Wintek’s OGS shipments in July dropped to about one million units. With growing pull-in deliveries for new iPad in August and September, the firm shipped more than 2.5 million and 4 million OGS touch panels in October and November, respectively, boosting revenues and profits remarkably.

TPK’s consolidated revenues in October rose 26.6% from the previous month to NT$16.938 billion (US$564.6 million), close to the historical high. Institutional investors predicted that TPK’s revenues in November are likely to challenge a new historical high, up 30% quarter on quarter.

TPK’s earnings per share (EPS) in the third quarter reached NT$9.46 (US$0.32), with NT$26.97 (US$0.9) in the first three quarters, the highest in Taiwan’s stock market. With continuous growth of orders, the firm’s EPS is likely to hit historical record in the fourth quarter.