NDR takeaways: We joined BH on an NDR last week in London, Boston, and
NewYork. The overseas investors—who are not overly familiar with the
company—showedstrong interest in the firm’s: 1) highly visible growth
outlook, as Apple should increasinglyuse OLED in iPhones; and 2) next
永利网站平台， Company outline: BH makes mobile-use flexible printed circuit
boards, on whichdisplay driver ICs are mounted. The company is believed
to be one of the largestbeneficiaries of Apple’s OLED panel adoption in
its iPhone 8. The firm’s flagship product,flexible PCBs (RFPCBs), enable
mounting of a higher number and more advanced type ofchip. The firm
reportedly meets most RFPCB needs of both Apple and Samsung Display.
Three catalysts: Overseas investors largely concurred with BH’s rosy
growth outlook,which is driven by Apple’s adoption of OLED and boasts
Samsung Display only has three suppliers for display RFPCBs, so its
increasing OLEDshipments bode well.
RFPCB components have thus far been adopted only in flagship models,
but shouldsoon feature in lower-end units.
Adoption of RFPCB should keep rising as mobile displays gradually
add more functions,such as Force Touch and front-end fingerprint capture