Canyuan optimistic about next quarter mobile phone brings back to temperature LED orders

Oil prices continue to soar, the Taiwan LED factory canyuan (3061) on the occasion of the 520 wave of the correction after the market shares bucked the trend, last Friday (23 days) although fell intraday limit, but a record 43.2 yuan high band, and the short-term moving average order is still long, favorable price continued upside.

KD began to cross lies in want of perfection as the week down, KD continued in the high, KD in the low cross up, although the short-term due to a high band, fear of pullback consolidation, but in the long trend optimistic, have the opportunity to challenge $46.5 before the high wave.

According to the published results show that canyuan April revenue of 161 million yuan, slightly higher than in March growth of 2.5%, continued to hit a single month high, and compared with the same period of 07 years of growth of 47.23%, the main reason is that in April for the 7 inch panel backlight products shipped more, but part of the mobile phone products better profit, water delivery quasi is not 07 years fourth quarter, the first four months of total revenue reached 576 million yuan, a growth of 67.15% compared with 07 for the same period.

Although the second quarter rebound in market demand rate is not as imagined, however, canyuan legal expected second quarter revenue is expected to grow slightly compared to the first quarter of May, orders more than April, but delayed by the customer, the current operating conditions of May is still unknown.

But the third quarter, with the increase of permeability in LED NB, and many Japanese manufacturers to change the strategy, including orders more mobile phone and small and medium-sized panels, have the opportunity to have the opportunity to follow the release of canyuan benefit.

Source: LEDinside