Taiwan LED shares higher, driven by revenue in January

Taiwan light emitting diode (LED) manufacturer stocks rose by better than expected revenue in January to promote.

Yuanta securities analyst Vivian Chen said, LED industry market outlook looks very robust, because clean up the inventory in China, mobile phone manufacturers, in order to restore growth, is expected to LED manufacturers first quarter revenue decreased 5%-10% compared to the fourth quarter, down less than the expected 10%-15%. Billion Optoelectronics (2393.TW) rose 5.1% to NT $101 in January revenue grew by 49.66% to NT $948 million. EPISTAR (2448.TW) rose 6.9% to NT $83.90 yuan, an increase of 60.1% in January revenue, to NT $865 million.

Source: Wall Street Journal