LED group rebounded strongly in March, overall revenue is expected to increase by 30

Foreign-funded UBS Securities said that the LED community is expected to rebound strongly in March, and the LED factory revenue will climb for two consecutive quarters, optimistic about the leading plant, Jingdian, Yiguang. According to the research institute, the price of 40W and 60W replacing LED bulbs has been reduced by 19 and 23 respectively, and LED bulbs continue to cut prices, which will launch a new global demand. For example, Zumtobel, a European lighting factory, said that revenue from LED lighting continued to grow. In the third quarter of last year, Zumtobel's revenue increased by 58%, accounting for more than half of its total revenue. Other companies such as OSRAM, Philips and Acuity also Seeing strong growth in LED lighting revenue. UBS said that starting in the second quarter, LED performance growth will stimulate the stock price to rise. In terms of Taiwanese manufacturers, UBS is optimistic about Jingdian and Yiguang. The first quarter revenue forecast of the epitaxial faucet crystal is 15-20 compared with the previous quarter, and the current capacity utilization rate is about 65. UBS estimates that the second quarter revenue of Jingdian is expected to increase by 25-30, and the capacity utilization rate will rise to 80%. As for the packaging company Everlight, last year's performance was excellent, revenues were high, and profitability was expected to hit a four-year high, challenging the net profit per share of NT$5 (the same below). Next, the first quarter revenue forecast is reduced by 5-10, and the second quarter revenue will grow 10-15 compared with the first quarter. In addition, the legal person estimates that the overall revenue of the LED group is expected to increase by 30 in March, and the second quarter of this year is expected to increase by 15-20. The situation of thinner and thinner is obvious. The downstream packaging industry is better than the chip manufacturer, including Yiguang, Longda and Rongchuang will outperform Jingdian, and the related packaging manufacturers still have advantages in the new technology of the crystal-coated carrier board. The legal person pointed out that the LED packaging factory has recently shown strong performance as the leader of the disk. Under the major shareholder of Japan and Honghai, last year's earnings per share was about 1.4 yuan, but this year, due to the Samsung S6 model sales, Backlight orders have flooded in. The first quarter of this year's revenue may be reduced by 8 quarters, but the quarterly earnings per share are expected to increase by 7 to 0.54 yuan. The full year earnings per share this year is 3.2 yuan, and operations continue to stabilize.

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