Taiwan Hong Qi manufacturers expected November revenue fell 20% in December revenue, lower fear

Affected by the impact of the market downturn, China's Taiwan region manufacturers Qi Qi said that in 2008, due to the mobile phone market is deserted, coupled with the market is not clear downstream manufacturers cautious stocking, single month revenue is expected to decline in November. On the other hand, the recent downstream customers continue to scale off the rest of the rest, the demand for raw materials procurement has also been reduced, due to the end of the original inventory point is reduced, it is expected that in December there are still low performance. Preliminary estimates in November revenue will be reduced by about 20% compared to October.

Hong Qi pointed out that the current main product application market is still concentrated in the phone, so the mobile phone demand downturn, weak performance. In October this year, revenues of 268 million yuan NT, although less than in September by 12%, but the gross profit and profit situation is stable. November revenue estimate will further decline, but the current estimate is not due to loss, but December is hard to say, but also to observe.

Estimates of the industry in November this year, the total revenue will be reduced to 2.2-2.3 billion NT dollars, the fourth quarter revenue will be reduced by 2 compared with the previous quarter. However, the stock price, only generally expected in December to the first quarter of next year manufacturers performance have low, but for about 2-3 quarters is expected after the market is expected to pick up, and then in the basis of comparison of vendor performance will reach the bottom band case is not easy to be worse. It has been the recent bargain buying card arrived.

Source: Lean news