Taiwan LED manufacturers optimistic about business prospects for 08 years, the East Bay, and the synchronization of stock repurchases Huaxing Taigu

Affected by the recent stock market crash, LED group shares since November generally occurred two to 30% decline, the factory is the basic internal operation reiterated bullish stance, also has resorted to the treasury shares to defend the company's share price today (30) days until December 29th, LED manufacturers including East Bay (2499), China (6164 Taigu) and (3339) both share repurchases, buy after transfer to employee, which is expected to buy 3 thousand tickets, the East Bay reservation price of 25 yuan per share repurchase interval to 35 yuan, is expected to buy 2500 tickets, Huaxing scheduled per share price of 25 yuan to buy the interval 40 yuan, Taigu since the stock this year highs. Fell more than 60%, the callback rate in LED group is relatively deep, is expected to buy 2800 tickets per share repurchase interval for the price of 25 yuan to 60 yuan.

In view of the market of small and medium size panel next year sustained demand, LED packaging factory in order to meet the market, generally in the Q4 period is still ongoing expansion plan, one of the 7 inch backlight Innolux membership main supplier of the East Bay, is no exception. The East Bay is accelerated into the cloth production capacity of the new plant in Yangzhou construction plan, is expected to bring new investment for next year's operating performance.

Dong said that the overall backlight with LED monthly production capacity will be expanded to 100 million before the end of this year, the first half of next year and then amplified by 50 million, when the total monthly production capacity will be increased to 150 million. Legal person is estimated that the next year in the east to accelerate the expansion of the production capacity of the backlight, the monthly revenue will have a look at the strength of 500 million yuan.

In addition, the East Bay also pointed out that benefit from small and medium size LED backlight products continued warming, including the touch panel, digital photo frame, 3G mobile phone and the recent listing of low-cost computers and other small and medium size digital products sales, the industry estimated this season for small and medium size backlight shipments will grow by about 20% compared with the average Q3, the overall market is off-season no light, in October due to the upstream supply of materials along the shipment, but is expected in November will recover kinetic energy highs, December revenue is not bearish, Q revenue was two quarter growth figures, at the same time as the customer in advance preparation action has been positive, optimistic about the next year Q1 market is not short off-season, significantly better than the same period this year.

In Huaxing, although this year due to the progress of the Q4 operating ship is expected to slow down, resulting in Q4 performance appears weak, but the company is still confident of its business in the current year. Huaxing said, in addition to continued focus on niche component market business development, the future will accelerate the deepening of module product line layout, which can supply light products in the next year was doubling the growth kinetic energy (mainly from sales of the first large freezer factory Ingersoll Rand, expected contribution) this part of new single monthly shipments in order to reach 1 containers from the first half of next year will start shipping, at the same time the company also will be in the original factory in Zhaoqing by the expansion of a new factory, specializing in the production of modular product line layout.

As for the profit and loss is still the edge of Taigu, the company is expected, the overall operating situation is the worst at the end of this year gradually reflect is completed, due to the high order products have already begun to cut the client, and the future of this part of the proportion of sales will continue to improve, from the contribution should be for the backlight will increase. Taigu pointed out that in the blue and green and four yuan LED the 1 new equipment will be put into the ranks of import, do not rule out the December revenue is still better than in November, while the first half of next year to estimate the monthly revenue will stand 100 million yuan.

Source: Lean news