Energy-saving concept pushes LED up to 32% in the next three years

On November 30th, according to Chinese media reports, Chi Mei Electric was married to Hon Hai Group, mainly focusing on LED TV; last week’s LED industry forum, Li Bingjie, the chairman of Jingdian, publicly shouted that LEDs will still be in short supply next year. Drive the LED group stock price strong. The legal person believes that the concept of energy conservation will continue to push up the LED, but the current P/E ratio is relatively high. It is not necessarily a good thing that the LED is followed by the market correction.
The most indispensable group of Taiwan stocks is LED, energy saving and carbon reduction, public construction, notebook, LED TV, automotive electronics, lighting, LED industry can be on the side. Since the second half of the year, LED crystals have been lacking, and the upstream epitaxial plant capacity has exploded. The revenue has been heating up month by month, and it has given the LED community a fairly solid theme. The price of Jingdian has risen from less than 30 yuan in the first quarter of this year to more than 100 yuan now. LED is one of the most dramatic ethnic groups this year.
The prospect of LED comes from multi-applications. Jiu Yubin, an analyst of Jibang Technology, believes that the notebooks that appeal to power saving use LED backlights. It is estimated that by 2013, LED pen backlights will completely replace cold cathode tubes; as for LCD TVs, LED backlights are used. Under the call of Samsung Electronics, the world's largest LCD TV brand, it is estimated that the penetration rate of LED TV in 2010 will reach 80%.
According to the Goldman Sachs Securities research report, it is estimated that the LED demand will be 32% per year from 2009 to 2012. The LED prospects are no problem, but Taiwanese companies can get a piece of it. Who can get the most favorable industrial status? problem lies in.
The capital intensive trend of LED epitaxial plant has been formed. Jingdian has issued overseas depositary receipts. One fundraising is more than 10 billion yuan. The recent capital increase of Yiguang has reached 5 billion yuan. The rapid expansion of each factory is expected to seize the opportunity and lack of group support. The small factory, it is difficult to have room.
From a performance point of view, the profit in the first three quarters of this year has also made the LED ethnic group clearly differentiated. The billionaires, Jingdian, Yiquan, Dongbei and Xinxin are all strong stocks that have grown profitable compared with the same period last year.
Looking forward to the last month of this year, the extension factory revenue should be able to maintain high-end, and the packaging industry can also spend a low season in December, the fundamentals continue to flourish, and after the formation of “Xinqimei”, there will be more supply. Chain consolidation and action, Jingdian is full of cash, "strategic alliance has not stopped." It is expected that LED stock price estimation will still be dominated by news. In the long-term, the leading stocks with stable profits will be the target of attack and defense.

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