LED boom, foreign shouting sell crystal electricity, cut the price of 100 million light target

Under the financial turmoil, the boom turned sharply, especially in the LED industry gap, the third quarter of the LED quarterly population generally bleak. Before the three quarter profit growth compared to the same period in 2007, and the new century Jin Hongqi canyuan. Crystal electricity, East shell, Huaxing, Ding Yuan and the new, more than 50% profit decline, covering more than half of the LED listed cabinet manufacturers.

Goldman Sachs securities research report pointed out that LED is closely related to consumer spending, the global economy was hit on the occasion, LED demand will be greatly reduced. Goldman reiterated that the price of electricity, sell, etc., that the order of the fourth quarter of electricity visibility is still not high, capacity utilization may decline in the third quarter, revenue and gross margin is expected to decline compared to the third quarter. Goldman Sachs estimates, the fourth quarter of electricity revenues may decline 8% compared with the previous quarter, and the next year to repair nearly $50% profit, earnings per share forecast in 2008 was $1.2, earnings per share of $1.34 in 2009.

Credit Suisse research report also believes that the market has high hopes for LED backlight pen business opportunities, the panel may be in the factory after the foot of the LED industry, increasing competition, both the industry's gross margin will be compressed. Credit Suisse research report also pointed out that in 2009 the LED packaging market driving force in the high-end mobile phone, small and medium size panels, outdoor billboards and street lamps, LED backlight notebook by increased competition, the impact of the economic recession, the growth rate will be lower than expected. Credit Suisse also cut billion light 2008 profit and target price, respectively, from the previously estimated EPS5.18 yuan fell to 4.45 yuan, the target price was reduced to $68.

Source: LEDinside