Citigroup securities optimistic about the second half of the second half of crystal lighting and backlight products

Because the mobile phone market with the traditional heating season, market demand and vendor shipment trend, the recent LED groups and small and medium size panel manufacturers have launched stock price rebound. Which will not only benefit from the second half of the second half of the electricity demand in the mobile phone back to the temperature, LED backlight application acceleration and highpower chip lighting applications growing trend is expected to provide key growth momentum for the crystal power of the two. Citigroup securities to buy BUY crystal investment rating, target price of 90 yuan nt. But note that the crystal electric wave since the beginning of the July lows relative to band increase reached 25%, is still not stable in the stage of the Taiwan stock market, short-term profits should prevent.

Citi securities research pointed out that the mobile phone market trend, from the relevant manufacturers claim that the mobile phone has improved, although the visibility is still very low, but there have been some urgent. At the same time, the overall size of the small panel market also improved with the advent of seasonal season, the third quarter is expected to capacity utilization and gross profit margins are expected to pick up.

On the other hand, Highpower LED (from 60lm/W to 80lm/W) technology breakthroughs, has led to a wider range of applications in the field of lighting LED, is expected in the second half of this year, high-power lighting products will have strong growth. Crystal electric important customers, said the quality and effectiveness of crystalline electric products and global leader CREE, Lumileds considerable.

The NB LED backlight applications will also increase the kinetic energy of crystal OEM business. In fact, the market had previously expected, NB will take the lead in the application of LED backlight in higher order models, this year's penetration is estimated to be 15-20%, this trend has not yet been destroyed. Recently, including AUO and Samsung have proposed LED backlight applications in NB products faster than expected quick view of crystal electric, through the OEM business increased, crystal electric will also benefit from this wave of NB LED backlight development trend, and will help to increase profit.

Source: Lean news