Electronic component search engine In 2011, the output value of IC carrier board industry has been declining all the way. However, in recent years, IC carrier board Shuangxiong Xinxing, Nandian and other carrier manufacturers have begun to actively enter the application fields such as Internet of Things and communication network equipment, and cooperate with 5G high-frequency base stations. With the increase in applications and demand, the industry has improved significantly since the second half of this year.
Take Nandian as an example. Starting from July this year, the annual growth rate of revenue has turned from negative to positive, and it has been the strong performance of double-digit growth in annual revenue growth rate for five consecutive months. The operation has obviously increased compared with the same period of last year. From the perspective of stock price performance, the Taiwan stock index has fallen by nearly 8% this year. Many leading manufacturers have suffered even more tragic declines, with a drop of more than 20%. In contrast, Nandian’s share price performance has not fallen and has risen. The increase was over 40%.
Looking forward to next year, foreign Credit Suisse Securities also believes that the demand for 5G applications will continue to increase, and the price of ABF substrates will rise by 10% next year. Therefore, the company is looking forward to the prospects of Xinxing and Nandian.
JPMorgan Securities also pointed out that the unit price of Taiwan ABF substrate manufacturers has seen a 5-10% price increase in the second half of this year. As global production capacity has only increased by single digits in 2019, supply and demand are in good condition and prices will be exerted. Strong support, related manufacturers are expected to further optimize the product portfolio.
