Synnex(2347TW)’s Y19Q3 revenue was NT$87.9bn;YTM revenue totaled NT$247.1bn
2019.10.14

 

  Synnex Y19Q3 preliminary consolidated revenue was NT$87.9bn, with decline of 16%YoY. Q3YTM’19 revenue totaled to NT$247.1bn, decreased 13% YoY from last year.

 

  For Y19Q3 market, end user confidence continuously weakened and enterprises also took hesitated attitude toward investments mainly due to impact from unsolved trade war disputes and disturbance in geopolitics and economic. From geography aspect, the impact on China and Australia was tremendous. The decline scale in China was the most significant, and Australia dropped with double digit. However, other region remained flat to growing performance. Among them, the performance in Taiwan market was flat. Commercial and mobile phone market share continuously expanded in Hong Kong, leading steady growth momentum. Indonesia grew with 21%YoY and broke historical high record in single quarter benefited from stable domestic demand market and phenomenon of investment transfers.

 

  From product aspect, consumer market was relatively week, including NB, storage device, tablet, accessories all declined with over 20%. Other products exclusive China market, performance was stable. Among them, mobile phone demand was beyond expectation due to new product launch, growing with nearly 10% YoY. eSports and smart device both remained double digit growth mainly from Synnex aggressively expanding new products and new markets. Commercial market grew with 15%YoY because of enlarging market share as well as enterprise and government investment in digital transfer, internet security and cloud data application.  

 

  As for IC component business, despite manufactures started to adjust capacity allocation due to trade war uncertainty, but already gradually restored stocking and manufacturing in Y19Q2. IC component Y19Q3 performance still declined with 9%YoY resulting from China weakening market and Intel CPU shortage.     

 

  Looking forward to Y19Q4, although new products launch for mobile phone, NB, tablet, but overall environment still existed numerous variable factors and unclear global economic, Synnex take conservative attitude toward Y19Q4 market opportunity.

 

 

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