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HIMX.O

ISIN: US43289P1066
SEDOL: B126TB6

Rating:

BUY

Target Price:

2.98 USD

Investment Horizon:

6 to 12 months
19th May 2009 View Report   Download

1Q 09 News Alert

Himax Technologies Inc. (Himax) reported a significant decline in top-line in 1Q 09, reflecting weak macroeconomic conditions. Net revenues were in line with our and Management expectations. However, Management's 2Q 09 forecast for net revenues lies significantly above our previous expectations, with Management now expecting 52% to 56% q-o-q growth in top-line due to an increase in demand for display drivers. In light of an improved demand pattern…

22nd Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

The Chinese government subsidy for the rural electronics market has provided much needed relief to the LCD market, severely impacted by the weakening of global consumer demand. Reducing inventory levels and the need to re-stock have further supported demand, leading to a pick-up in utilization rates for panel makers and stability in panel prices in the second half of 1Q 09....

19th Mar 2009 View Report   Download

Company News Alert

Himax Technologies Inc.’s (Himax) ADR achieved our price target on 18 March 2009, which we believe primarily reflects positive market sentiment over the potential demand improvement driven by China’s stimulus package. The company’s plans to ramp up its sensor products in the second half of the year announced on 11 March 2009 were a further boost. Going forward, an expected improvement in demand, with key customer Chi Mei Optoelectronics, for example…

19th Feb 2009 View Report   Download

4Q 08 & FY 2008 News Alert

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Himax Technologies Inc. (Himax) recorded a significant y-o-y deterioration in its 4Q 08 performance, reflecting demand contraction from its customers. The company’s net revenue performance marginally exceeded our expectations, while net performance was marginally below our expectations.. Going forward, Management’s 1Q 09 net revenue guidance is marginally above our previous expectation while margin guidance is in line. In light of this…

31st Dec 2008 View Report   Download

3Q 08 Update Report

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Himax technologies Inc.’s (Himax) 3Q 08 net revenues and bottom-line declined y-o-y, reflecting a decline in Large panel display driver revenues and pricing pressure. A number of major panel manufacturers and Himax’s customers have reduced capacity utilization, which is expected to negatively impact net revenues in 4Q 08. Moreover, we expect lower consumer spending and pricing pressure to further apply pressure on margins and net revenues…