Market Trend

According to the latest survey by WitsView, a research division of TrendForce, between April 18, 2011 to May 3, 2011, the MCI index was up by 51.7 points to 5751.2. Among the recent market news, a primary focus was on the 1Q11 earnings report released by the major panel makers. Essentially, the results were marked by continuing losses, due to the persisting TV panel price declines and arrival of the traditional slow seasonality. Taiwan’s panel makers posted their third consecutive quarterly loss. Meanwhile, LGD and Samsung respectively reported their second consecutive and first quarterly losses. Amid the market discussion of the latest financial losses, there at least has also been some good news worthy of noting. These include (1) China’s Labor Day holidays have helped drive up the overall panel inventory pull-in momentum. (2) NB brand vendors are currently quite upbeat towards their 2Q11 shipment performance. (3) IT panel prices are likely to bottom out in the near future. Meanwhile, there are also signs of a possible rebound in the TV panel price segment. Thus, the market has cautiously begun to anticipate that the light at the end of the tunnel may finally be getting close. In light of this anticipation, it resulted in the MCI index edging up slightly during the past two weeks.