Stock repurchases bailout of Taiwan LED factory

Since May 20, 2008, China's Taiwan region LED shares fell more than 60% on average, far more than the broader market decline of about 45% is deep, this let always enjoy higher earnings LED vendors shouting wronged, one after another to the self-help Treasury shares. As of now, some 2/3 manufacturers share repurchases, the recent share price performance is relatively resilient. The industry believes that the stock market confidence still have certain effect.

Class LED shares of stock repurchases can be roughly divided into two stages, the first in July, the second batch of concentrated in the mid to late 9. The first wave of stock repurchases are Taigu), and light Ding Hua upper small factory, because after the implementation of the stock price decline has not slowed down, and the financial turmoil is becoming increasingly serious, tipping the global stock market crash, only light Ding all is finished, the total buy 800 tickets, Thai Valley is not Jihua or emergency, enough to buy the original number.

Leading crystal power plant launched a second wave of treasury shares fell below 40 yuan NT level in September 16th the share price of the emergency board meeting, decided to repurchase the stock for the first time, ready to buy 12 thousand pieces of money, short-term indeed achieve the exciting role, the direct gaps open high and whirlwind rise to stop price of 42.45 yuan NT, beyond the company set back the price range of the upper limit of 42 yuan nt.

It is understood that, for the first time in the implementation of treasury shares in crystal power, although not aggressively to stock incentive, but still has to follow up a steady effect, a new), East Bay, ligitek, canyuan and new century 5, in addition to the new century is expected since the beginning of October 13th to repurchase shares, the remaining at the end of September announced the implementation of. Ligitek electronics in September 22nd to implement the seventh treasury shares, bought 3000 shares per share, the price range set at 8.5 yuan to 20 yuan NT, scheduled repurchase shares accounted for 3.59% of the total issued shares of the company, mainly for the maintenance of company credit and equity. Canyuan share repurchases since September 25th, is expected to buy 2000 tickets at 13.65 yuan to 22 yuan NT interval. East Bay since September 22nd plans to buy back 7000 of their own shares, buy back price range of $12 to NT $25.

About 2/3 LED manufacturers share repurchases, declared to the market oversold stocks mean strong. However, the short-term industry situation is not clear, visibility is only a single month, fourth quarter outlook is watching, whether or not the subsequent new application can quickly fill the remains to be seen.

Source: LEDinside