The LED family is retreated, insiders suggested not to get into the market

LED first quarter orders low visibility, loss of opportunity is not small, but a strong rebound after the Spring Festival, an average increase of 10% to 30% yesterday, speculative wind break, showing ethnic correction, the industry suggested that the fundamentals in no time before, not with the market rumors to get into, risk.

Recently, LED group almost no bullish fundamentals, LED listed in Taiwan in January compared to 2008 revenue earlier cut, while the February order seems better than January, but because of the number of working days than expected February revenue growth is limited, the industry pointed out that the current order of poor visibility, the order in a week up to two weeks, also do not see signs of recovery in the industry. After two years of production capacity expansion, LED industry is currently more than 50% capacity utilization rate of less than, the implementation of the communique on schedule ten, will be included in the cost of idle production costs, resulting in a sharp decline in gross margin in the first quarter of LED.

January in Huaxing self pretax profit of NT $3 million 120 thousand yuan monthly profit per share of 0.03 yuan NT, the rest of the LED factory fear of loss will occur, the extension of factory by the effects of the downturn than the downstream packaging factory. The leading upstream epitaxial crystal January revenues of NT $426 million yuan, compared with December 2008 7.39% decline, but the decline of about 50% compared to the same period in 2008, February orders status is better than January, but the visibility is not long, the recent emerging lighting, LED laptop backlight theme, to promote the stock, but in essence no fundamental support, and more as the flower briefly as the broad-leaved epiphyllum. Crystal 2008 estimated earnings per share 1.96 yuan NT, the ratio is more than 20 times in the Taiwan stock market is relatively high. Canyuan has become the main market to lift the object, since the beginning of February rose 26%, January revenue decline of 62% compared to the same month in 2008, but increased 28.45% compared with December 2008, is the only revenue LED contrarian growth in a population, canyuan pointed out that the current market demand is tepid, but back to the temperature slowly, unable to give long-term forecasts. The price -- Hua, January revenue of NT $41 million 210 thousand, compared to the same period in 2008 77.17% month recession, recession rate of 33%, since the beginning of February rose nearly doubled, the faint smell 'breath, because no bullish fundamentals can explain the rise in speculation means quite strong.