Taimide Tech jumps as much as 9.9% on market expectations that company may benefit from trend of foldable phones after Samsung Electronics showed off a new model, according to Concord Securities.
Market speculates that the polyimide film maker could supply its products to manufacturers of foldable phones, Concord Securities assistant vice president Allan Lin says, adding that polyimide film is a key component for such phones
Phones are getting bigger because so much of what we use them for has northing to do with speaking to another person. The problem today is that phones are becoming so large that they are becoming unwieldy to put in one’s pocket. Samsung’s solution is to design folding phone.
As a supplier for screens that can fold Taimide Tech is a potential beneficiary. The share collapsed from its peak earlier this year and bounced last week from the TW$40 area. This week’s upside follow through suggests scope for a reversionary rally but it will need to post a higher reaction low on the first pullback to confirm a return to demand dominance beyond that.