Foreign investment is not optimistic about LED, LED ethnic rally blocked

LED recent sharp rally, Credit Suisse and Morgan Stanley believes that relevant applications in competition and prosperity under the influence of fear as expected, therefore lowered billion light (2393), crystal electric (2448) rated "as the performance of the market" and lowered its target price. Billion light in March 20th to open a low disk, 60 NT level can hold to be observed. EPISTAR also face short-term pressure rise, the first quarter is still a loss, the stock prices fluctuated flat in early trading today.

To observe the recent foreign trends, including billion light and crystal electric second leading stocks, nearly a week to buy Super synchronous presentation, apparently two short-term stock gains, foreign buying contributed a lot to push up.

Credit Suisse and Morgan Stanley Securities evaluation in 2009 LED industry competition will be very intense, the investment value of fear of too expensive. Will be reduced to 100 billion light investment rating to "bad performance in the market" and "minus code". Credit Suisse Securities industry competition concerns, the report pointed out that the current LED industry, in addition to the existing several manufacturers, there are more than 100 small and medium industry, not to mention the panel makers coming in, so that the already crowded industry, competition is more intense. Coupled with a serious recession in the global economy, LED industry, I am afraid there is no outside think so beautiful.

As revenue back to temperature, Everlight, since February the share price rebounded more than 20%, the estimated March revenues will continue to grow, however, the first quarter LED back to the temperature mainly affected by system vendors covering inventory driven, order visibility is still short, the uncertainty of the fundamentals of legal advice, investors should take profits on high.