05.22.2001
Wintek adds NT$2.64m to the bottom line in April

• STN-LCD maker Wintek (2384 'Sheng Hua') recorded pretax profit in April of NT$2.64m. Pretax profit in the first four months was NT$7.75m, only 1.3% of 2001 earnings forecast. Fully diluted YtD EPS is NT$0.02. Gross margin in April improved to 18% from 16% in 1Q01 following monthly revenue growth.

• Wintek has indicated revenue in 2Q01 will not see any significant improvement. We predict 2Q01 revenue will grow around 19% QoQ, but will register a 22% decline YoY.

• VB Primasia Investment Opinion: We forecast 2001 fully diluted EPS of NT$0.89. Profits will come mostly in 2H01 on expected increased shipment of STN-LCD used in handsets.

MarthaChen@Primasia.com +886-[0]2-2547-8878