AU Optronics slips back in loss in Q4

TAIPEI, Jan 28 (BestGrowthStock) – Taiwan’s AU Optronics Corp
(2409.TW: ), the world’s No.3 LCD maker, fell back into the red in
the fourth quarter of last year, raising concern over the
sustainability of the current recovery in the sector.

Seasonal weakness in the fourth quarter had been widely
expected by analysts, who expect tech demand to grow
significantly in China this year and after a new crop of slimmer,
power-saving LCD TVs hit store shelves.

AU Optronics (AUO.N: ) made a loss of T$7.9 billion ($248
million) in October-December, better than the record net loss of
T$26.6 billion a year earlier but worse than the third quarter’s
T$7.4 billion profit, the firm said in a statement on Thursday.

LG Display Co Ltd (034220.KS: ) of South Korea, the world’s
No.2 LCD maker, had recently given a robust outlook for the first
quarter as improving demand for flat-screen televisions and
personal computers boosted shipments. [ID:nTOE60I01A]

AU, a supplier to top brands Dell (DELL.O: ), Sony (6758.T: ) and
Samsung (005930.KS: ), was expected to earn T$353 million in the
fourth quarter, according to a consensus forecast by Thomson
Reuters I/B/E/S.

In Taipei, AU shares have fallen 5 percent so far this year,
largely in line with the main TAIEX’s (.TWII: ) drop, amid
widespread fears over China’s latest measures to rein in lending
and head off inflation.

AU shares rose 62 percent last year, lagging the big board’s
78 percent gain. LG Display rose by a bigger 87 percent last
year. AU has fallen about 5 percent in 2010, largely in line with
the big board’s drop, amid widespread fears over China’s latest
measures to rein in lending and head off inflation.

Stock Market Investing

(US$1=T$32)
(Reporting by Argin Chang, Editing by Dean Yates)

AU Optronics slips back in loss in Q4