* Forecasts over 20 percent rise in Q3 shipments q/q
* Q2 net profit T$4.9 bln vs T$5 bln yr ago
* Shares up about 60 pct this year, beating main board (Adds details, analyst comments)
TAOYUAN, Taiwan, Aug 24 (Reuters) - Quanta Computer (2382.TW), the world’s largest contract laptop PC maker, forecast stronger-than-expected growth on Monday, further boosting hopes that tech demand is returning as the global economy recovers.
A key supplier to top brands such as HP (HPQ.N), Dell DELL.O and Apple (AAPL.O), the company said it now expects PC shipments to climb by over 20 percent in the current three months compared to the second quarter.
The fourth quarter will also see similar sequential growth for PC shipments, C.C. Leung, Quanta’s vice chairman, told a news conference following the company’s stronger-than-expected second-quarter results.
“Quanta seems to be the strongest player among the contract PC makers,” said Robyn Hsu, who manges T$11 billion ($335 million) on behalf of Capital Investment Trust.
“Its results and forecast are better than what I was expecting, and it’s probably because it spends more on research than its competitors, which gives it the edge when trying to differentiate itself from the rest.”
Quanta said it made a net profit of T$4.897 ($149 million) in the April-June quarter, better than analysts’ expectations for a T$3.7 billion net profit but smaller than the T$5 billion recorded a year ago.
The company did not give any reasons for its outlook in a statement, but sales in the second half are usually boosted by student purchases ahead of the start of the new school year, and before the peak holiday shopping season in November.
This year, many analysts also expect Microsoft’s impending release of its next-generation Windows 7 operating system to give the sector a further boost, as the launch of any such software has usually been followed by a spike in PC sales.
Quanta and its smaller crosstown rival Compal (2324.TW) together make more than half of all the world’s laptop PCs, and their results are closely watched as an indicator for global PC demand.
Investors have been relatively bullish about Quanta this year, with its shares up over 60 percent so far compared to a 50 percent advance on the benchmark TAIEX share index .TWII. (Reporting by Roger Tung; Editing by Lincoln Feast)