Pre-empting what they hope will be a turnaround in panel prices, Taiwan's capex intensive TFT-LCD producers have been re-laying plans to finance their 5G fabs through the international equity markets. Chi Mei Optoelectronics, Quanta Display and Hannstar Display are all hoping to launch deals straddling Chinese New Year, while Tatung will add to the wash of paper coming to market with an exchangeable into Chunghwa Picture Tubes CPT.
Similar to concerns aired in early 2002, many are already starting to wonder whether the market will be able to absorb all these prospective transactions and indeed, whether it is ready to accept any of them given the lack of visibility over signs...
