Notebook shipment growth to reach 9% in Q2: Barclays


TAIPEI — Worldwide notebook computer shipments from top-tier Taiwanese manufacturers will maintain a higher-than-seasonal growth in the second quarter of 2012, despite delays in receiving Intel Corp.’s new processors, analysts at Barclays Capital said recently.

In a research noted dated May 11, the British investment bank projected that global notebook shipments from the top five contract laptop computer manufacturers will grow 9 percent more than in the first quarter, to 41.25 million units, which is higher than the normal seasonal increase of 6 percent.

Further, for the month of May, Barclays looks for notebook shipments to increase 16 percent from the 12.1 million units recorded in April, much higher than the five-year average of a 1 percent decrease, according to the note.

Kirk Yang, an analyst at Barclays Capital in Hong Kong, expects mass production of Intel’s mainstream Ivy Bridge CPUs in May and June, driving shipments of new Ultrabook lightweight laptops to vendors preparing for the back-to-school season.

For individual manufacturers, Pegatron Corp. is expected to enjoy the highest quarterly growth of 34 percent, shipping 4.65 million laptops in the second quarter, while those for Compal Electronics Inc. will be up 23 percent to 9.95 million units.

Also, shipments of Quanta Computer Inc. are projected to rise 5 percent to reach 13.8 million units during this period, with a zero growth and a drop of 2 percent forecast for Wistron Corp. and Inventec Corp., respectively, according to Barclays Capital.

Given the brighter outlook for the notebook industry in the second half of this year, Yang continues to believe that PC-related stocks will outperform handset-related stocks in the next several months.

He recommended companies such as Lenovo Group, Asustek Computer Inc. and Quanta in the near term, while preferring Hon Hai Precision Industry Co., Acer Inc. and Pegatron in the long term.