LED chip oversupply doubts foreign views disagree

Market rumors that Samsung Electronics will cut ledTV shipment forecast, LED chip oversupply worries to expand, Macquarie Securities 6 cut global LED chip stock, the Taiwan stock index crystal electric investment rating to "performance", while the short-term bullish release after Macquarie suggested holding regulation.

Reported by Samsung LED downgraded the shipment forecast rumors, LED group recently become vulnerable index. Macquarie believes that although there are signs of improvement in the growth and growth of the LED chip industry, but the production capacity increased too fast, so that the imbalance between supply and demand may be ahead of time than the original forecast in 2011, resulting in price pressures. Macquarie will observe the next supplier how to reduce production response.

In Macquarie bearish at the same time, Morgan Stanley and Credit Suisse also comment on the 6 day, said there is no problem in season third industry fundamentals. Morgan Stanley analyst, said the technology, LED vendors are expected to continue to grow revenue in the quarter, revenue growth of up to 10-15% in the third quarter.

Credit Suisse pointed out that crystal electric TV customer revenue the proportion is still less than 10%, estimated third quarter production capacity will remain in short supply; it has not yet scored Samsung billion light supply chain, the impact is limited. Credit Suisse believes that if the price of electricity and optical fiber billion pullback, is still a good buy.