LED chip group
The LED chip group leader position makes stronger further
Square summer Hong2011-08-25 rating categories increase to hold EPS to predict 2010 20112012 grows up sex for 10-11 years and 11-12 years
The rating changes a first time-14.06% 34.55%
Report the closing price in the other day:14.86Target price:Soar space:LED lights manufacturer
The being worth of a rating gives “increase to hold” the rating
Report key main factor:
In the first half of year 11, be subjected to a benefit to release at branch productivity in Tienjin, company the operating revenue and net profit is significantly smooth growth.Branch in Anhui 107 set MOCVDs
The equipments has been all good enough, along with the ascension of the second half year of productivity utilization and the good rate, the company will establish a group leader position further.Predict the companies are for 11-12 years
EPS is 0.55 dollars and 0.74 dollars,dvb t mpeg4 by the 24th closing price 14.86 dollars calculation, to in response to PE is 27.0200% and 20.0800%, give”increase hold” rating.
Affairs:
Three Anne the optoelectronics(600703, condition of the market, information, main business) announced 2011 report in the middle of the year.In the first half of year 11, the company carries out sales income 719,000,000 dollars and together compares to increase 97.38%,
The business profits is 189,000,000 dollars and together compare to increase 55.89%,Xu Huang net profit smooth 459,000,000 dollars, together compare to increase 204.68%, each income is 0.32 dollars.
Order to review:
LED spare part’s reducing price is irresistible general trend, market space will vaster.In the first half of year 11, the LED spare part reduces price further, 2 quarter, the degree lighting is used
The big power LED spare part reduces price range more than 15%, the television carries on the back to only use LED a spare part to reduce price the range as about 10%, 12 volt led lightingother low level LED reducing price of spare part
The range is smaller.The LED spare part reduces price to open widely market demands and anticipate
