AMOLED output rising
The nation will continue to expand production of active-matrix organic light-emitting diode (AMOLED) panels for mobile devices and televisions, Digitimes Research said in a recent research note. The research company forecast that Taiwanese makers would manufacture 550,000m2 of AMOLED products in 2015, accounting for 4.8 percent of the global market, up from 1.5 percent share last year. South Korea is likely to maintain its dominant position, although its global market share is expected to fall to 83.7 percent in 2015 from 97.7 percent last year, Digitimes said. Chinese panel makers will “actively” catch up with their global rivals and are projected to account for 7.4 percent of the market in 2015, from zero last year, it said. Given the growing global demand for low-power, low-cost and large-sized panels, production of AMOLED panels is expected to total 11.47 million square meters in 2015, more than triple the output last year, the firm said.
TWSE’s PE ratio fell in May
The Taiwan Stock Exchange’s (TWSE) price-to-earnings (PE) ratio fell to 20.12 last month from 21.72 at the end of April, the stock exchange said on Thursday. The PE ratio on the main board refers to the valuation of the bourse. A lower PE means a cheaper market, making it more attractive to bargain hunters. Meanwhile, the main board’s dividend yield slid to 3.35 percent last month from 3.53 percent at the end of April, it said.