Taiwan LED, solar, iron and steel stocks eye-catching performance

It is reported that the benefit of high oil prices and raw material prices, Taiwan has announced the March revenue of LED, solar energy, steel stocks, was the most dazzling.

LED plant in March revenues gradually warmed, Baihong packaging plant in March revenues of 370 million yuan, the monthly increase rate of 54.2%, the annual growth rate of 48.4%.

The brokerage said, March the cause of mobile phone and LED street lamp shipments rose significantly with the increase in the number of days, and after China, LED Street recently received orders to Southeast Asian countries LED Street currently has more than 50 thousand orders, orders of beacon, estimated Baihong single quarter revenue will be compared to the first quarter of the length of about 15%~20%.

The brokerage said, downstream packaging products factory sales for export, the short-term may be due to currency appreciation and exchange of pressure loss, however, due to the LED application, with the wide application of product demand growth to support the rapid expansion of market scale, the LED industry in the future is still growing.

Solar cell manufacturers producing in order to maintain a competitive advantage in the upstream industry last year, the United States with silicon epitaxial wafer factory ADEMA. Because the ADEMA gross margin of over 30%, higher than the original 13% ton, will enhance the overall gross profit and profit etoon.

Steel prices continued to rise, Xinguang steel due to the advantages of low inventory, in March was 290 million yuan, a record high, the cumulative pre tax earnings of about $650 million in the first quarter, pre tax $2.7 per share, exceeding the original $2.5 expected. MASTERLINK Securities said that the current steel prices before the third quarter showed a rising trend, steel industry profits will be rising Xinguang, estimated this year have the opportunity to earn a share.

Due to the strong appreciation of the Taiwan dollar, the impact of semiconductor electronics industry. However, the memory assembly force into the benefit of customers out of new capacity, March revenue of 2 billion 500 million yuan, against a monthly high, compared with the previous month growth of 1.7%, than the same period last year growth of 33.7%, a new record high, the first quarter total revenues of 7 billion 430 million yuan, compared with the fourth quarter of last year growth of 4.6%.

Source: LEDinside