panel sector continued to rise today. As of the close, Asia Optoelectronics and Sanlispot rose by more than 6%, Jingce Electronics, TCL Technology , Rainbow Co., Ltd. rose by more than 4%, and Visionox Co., Ltd. , Shanshan Co., Ltd. , BOE and others followed suit.
It is worth noting that from October 12 to the close of today, among the panel manufacturers, Yashi Optoelectronics, Rainbow Co., Ltd. and TCL Technology's stock price range rose by more than 10%, and Rainbow Co., Ltd. once hit the daily limit during this period.
October 12-October 14A-share panel company stock price increase
This round of rise is initially revealed. The logic behind it may be that LCD TV panel manufacturers insist on inventory clearance tactics, the industry's supply and demand pattern has improved significantly, and prices in October stopped falling across the board. Based on the price monitoring reports and forecasts released by many institutions recently, the prices of some small and medium-sized panels will also rise.
At the same time, the traditional consumer electronics peak season in the fourth quarter, coupled with multiple factors such as overseas Black Friday promotions, domestic Double Eleven promotions, home appliance policy subsidies implementation and World Cup , brand owners have a positive attitude towards stocking, and TV demand is expected to recover. For example, Shenzhen has implemented a new round of subsidy activities for purchasing consumer electronics and home appliances.
▍The intensity of demand rebound is doubtful. Panel factories plan to reduce production will not stop
Although many institutions predict that demand may gradually recover in the fourth quarter. But the reality is that the overall prosperity of consumer electronics is still relatively low. The most intuitive manifestation is that the prices of TV panels and other types of panels show differentiation characteristics.
According to statistics from the research agency WitsView, the prices of monitors and laptop panels still fell slightly in early October. At present, the demand for these two major products is in a weak trend, and brand customers are weak in pulling goods.
In addition, contrary to the price of TV panels that stopped falling and stabilized, the price of mobile phone panels is far from the time to reversal. According to research agency CINNO Research, although the high-end mobile phone market has a positive trend, the demand for mid- and low-end mobile phone market is still sluggish, showing a "peak season is not strong". In the absence of obvious positive factors, it is expected that the price decline of mobile phone panels will run throughout the whole year of 2022, and the price of rigid/flexible AMOLED panels will drop even more.
In the long run, under the influence of the international situation, the overall demand for the panel is still showing a weak trend, and the strength of demand rebound has been put on a big question mark.
Market research institution Omdia shows that Xie Qinyi, general manager of department research, had previously admitted that under the stimulation of low prices on the demand side, the terminal market will rebound to promote the recovery of the panel industry. But this recovery will not be strong because terminal demand is not very strong yet. It is expected that pure consumer electronics replacement demand will not appear until 2024, driving strong growth.
Based on this, panel manufacturers that have tasted the sweetness of inventory will not give up production cuts in the short term, and the game between panel manufacturers and brand manufacturers will continue. Consulting agency Aovirewo said that the top panel factories are determined to reduce production and control prices, and will still plan to maintain low production operations in October, and the supply terminal will have a strong strength to control production. Xihua Securities expects that panel output in Q4 will still be significantly reduced compared to the original plan in the future.
This article is from Science and Technology Innovation Board Daily
