EPISTAR Baihong orders 08 bright future

The light emitting diode (LED) is not affected by the subprime mortgage, a single pick in the first quarter than expected, the first quarter EPISTAR in previous years, the annual growth rate of more than 50%; Baihong industry received 25 thousand LED lights large orders, the first quarter annual growth rate of more than 50% persons, estimated this year's profit per share of more than 6 yuan, silver Paris securities the latest report and maintain billion light electricity buy rating, target price of 157 yuan and 153 yuan respectively.

The recent U.S. stock market plunged, but upstream of the LED grain manufacturing giant CREE shares but contrarian rise, mainly Cree announced the 2008 fiscal year second quarter earnings per share of $0.14, better than the $0.11 Reuters survey; revenue increase of 34% to $119 million, prospects this season (1 to March), expected earnings per share will be Cree from 0.14 to $0.16, better than analysts expected. Shares rose 27% a week, Cree performance revealed that the first quarter of the LED industry is not short off-season. Cree earnings of more than 35 times higher than the industry LED factory.

LED epitaxial wafer photoelectric company deputy general manager Zhang Shixian said that the current return from the business side of the case, the LED industry did not have a subprime mortgage spread, mainly mobile phone is the necessities of life, and the crystal electric in the mobile phone market share continues to increase, and LED applied to replace the 7 inch panel rate from last year's 30% to 40% increase to 60%, plus the notebook computer using the LED first year there will be 10% to 15% penetration, application of LED in illumination earlier than expected, and the application of low order hand computer, pedal lights, miner's lamp, alpenstock lamp demand is quite strong in the mainland.

Zhang Shixian said that this year the first crystal electric season for the first season is better than in previous years, crystal electric January orders last December not far, corporate estimates the annual growth rate of more than 50% of revenue in the fourth quarter of last year, crystal electric product portfolio is good, than the third quarter gross margin will rise again.

In addition to the upstream of LED epitaxial plant in the first season off-season, the downstream packaging factory also came news, Wang said Baihong electronic associate Jasper, the orders still warm, do not feel the effect of subprime economic impact, the new orders received Baihong street LED 25 thousand, the first quarter revenue has been determined, the January sales last December, the first quarter quarter revenues have the opportunity to challenge the 1 billion yuan, the annual growth can be maintained at more than 50%, the off-season trend is quite obvious.

Baihong in the LED street lamp gains continue to repair, because in China, Vietnam, Thailand, all new LED street lamp customers, 2008 shipment target has raised more than 50 thousand light, Baihong revenue growth target of 50% this year, corporate estimates this year earnings per share Baihong will more than 1 billion yuan per share, earnings up to 6 yuan above.

Leading manufacturers of packaging billion light in the first quarter also performed well, the company forecast January revenue will be slightly better than December, corporate estimates about 900 million yuan to 950 million yuan between, from March onwards due to small and medium size backlight demand picked up, plus the NB LED backlight lamp will start shipping, will restart revenue growth kinetic energy.

Source: Taiwan Economic Daily