BOE Technology_ Research Tactical Idea

TV panel prices have begun to edge up from the second half of December, earlier than our base case assumption by 2-3 months, due mainly to strong panel pull-in momentum driven by 1) solid TV end-demand amid the trade-in program in China and 2) TV/IT brands' urgency to ship more end products into the US ahead of potential tariff hikes in 1Q25. With an upward trend for TV panel prices in the coming couple of quarters, we believe sentiment toward panel stocks should turn more favorable and risk/reward should b ...