Title LCD: U/G Innolux to Buy
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Title:LCD: U/G Innolux to Buy
Download File:LCD industry note 170427--sinopac.pdf 
Summary:LCD industry: Panel prices peaking; unit shipment growth will offset ASP slide

  • Upgrade Innolux (3481 TT) to Buy (11% upside), TP of NT$16.2 (0.65x 2017 P/B)

  • Maintain Neutral on AUO (2409 TT)
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