Morgan Stanley optimistic about Taiwan led shares

Morgan Stanley optimistic about Taiwan light emitting diode (LED) stocks, manufacturers began to track LED billion (2393.TW), the first to photoelectron overweight rating, target price of NT $125, and EPISTAR (2448.TW), the first to a neutral rating, target price of NT $92, because the LED wide (including mobile phone display and back light), industry growth prospects.

Global LED industry is expected to maintain a high leverage ratio, the next 5 years to recover the compound annual growth rate will reach $7 billion 400 million in 2011 reached $21%. Morgan Stanley analyst Sharon Shih said in a report, the main reason for it is optimistic about the photoelectron billion to strengthen the integration of supply chain and advanced packaging technology, the technology of advanced experience EPISTAR and strong position in the upstream of the LED chip manufacturer which impressed. Now Everlight fell 1% to NT $89.10 yuan, EPISTAR fell 3.6% to NT $77.60 yuan.

Source: Wall Street Journal