Morgan: LED shares are the fastest rebound in the global stock market rally

February 1st Taiwan stocks crystal intraday limit, billion light but strong, respectively, received 71.7 yuan and $93.2. Morgan Stanley forecast global LED 5 years of compound growth rate will be as high as 21%, there are many new applications such as LCD TV with LED backlight and LED street lamp, etc..

Morgan Stanley believes that LED's share price is stable after the global stock market rebound, the fastest growing population, with billion light, the recent decline in the price earnings ratio to 10 times, with the same downstream hardware group, but this year the company expected earnings growth rate is still as high as 20%. Morgan Stanley believes that crystal electric the price earnings ratio fell to 21 times after it is better to buy time.

Morgan Stanley believes that the Taiwan LED group, will benefit from the mobile phone, and Chinese panel backlighting, the demand of the market, and good crystal electric billion light, but that crystal electric's share price is still high, given the "meet market performance", target price of 80 yuan for the rating, billion light the coupons that its business the stock price has bad news in response, in March to recover the camp temperature, notebook computer in the first quarter, at the end of the beginning of the two quarter sales rebound, the stock price will begin to rebound.

Source: Ledinside