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ADATA upbeat on prospects for second half

TAIPEI, Taiwan -- Memory module maker ADATA Technology Co. (威剛) yesterday expressed an upbeat outlook for the second half of this year, citing the arrival of the traditional high season in addition to expected surge in demand for DRAM and NAND Flash products.

ADATA stated that the average selling price of DRAM and Flash modules is expected to rise markedly in the third quarter, and that the company's performance is poised to improve in the third quarter, besting precedents set in the first half of this year.

The company's second quarter results peaked in June, recording consolidated revenues of NT$2.647 billion, improving by 10 percent over the previous month. During June, DRAM sales contributed a 65.38 percent portion of sales, with NAND Flash modules accounting for 34.52 percent of revenues. Revenues accumulated throughout the second quarter reached NT$7.573 billion, improving by 5 percent over the NT$7.233 billion recorded in the previous quarter.

In addition to the overall rebound in the memory sector, the company stated that performance in the second quarter will also be improved by steady income derived from investments and efforts toward establishing global brand recognition.

Continued growth in demand for memory modules is expected amid new PC, tablet and smartphone launching slated over the second half of this year, in particular Apple's highly anticipated iPhone 6 handset, which is rumored to feature high storage memory capacity variants, said the company.

The company noted that its sports lottery contract with the Sports Affairs Council recently saw stellar sales results over the past five months, with revenues rising by 36 percent month-on-month in June to reach a record-high NT$2.566 billion.

Meanwhile, Nanya Technology Co. (南科) and Inotera Memories (華亞科) last Friday reported June revenues of NT$3.271 billion, down 4.4 percent month-on-month while improving by 5.1 percent year-on-yea, while Inotera Memories reported revenues of NT$3.272 billion, down 0.6 percent month-on-month, and 0.5 percent year-on-year.

Memory IC manufacturers Winbond (華邦電) and Macronix (旺宏) reported month-on-month growths of 13.3 percent and 1.67 percent, respectively over the course of June. Winbond and its affiliates recorded consolidated June revenues of NT$3.313 billion, improving by 16.51 percent year-on-year with second quarter results tallying at NT$9.743 billion, up 11.33 percent quarter-on-quarter, while Macronix recorded revenues of NT$1.775 billion, down by 0.3 percent year-on-year, with second quarter sales reaching NT$9.763 billion, up by 1.3 percent year-on-year. Both companies expressed a more conservative outlook over the second half of this year.

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