LED industry beginning recovery positive
time：2017-07-29 10:18:00 browse：4110次
Recently, LED (light emitting diode) continues to take the heat, the stock turns into billboard. From the beginning of May has been less than a month, Shanghai million LED index has risen more than 40%. The outbreak of the market from the beginning of May 15th, the industry leader Sanan Optoelectronics (600703, shares), rectangular lighting (300301, shares) have been trading. 24, the index is a strong pull out of a single day 8.97% rise record, successfully breaking the previous high, hit a new high.
The industry's recovery is positive
We put LED and energy-saving lamps to equate about LED think of LED lighting products prices too high to be reached, in fact, just a LED lighting applications. The applications of LED are: small size backlight business, mainly used in intelligent
mobile phone; the size of backlight business, mainly for computer and other equipment; the large-size backlight business, mainly for TV manufacturers; finally the lighting business. At present, several other types of business have been very mature, and it is the main source of profit for LED enterprises. Because of the price reasons, lighting business is far from being popularized in China. Therefore, the market is full of imagination. If the price drops to a reasonable range, coupled with the national policy for energy conservation and environmental protection, its market size will be very attractive.
Between 2008 and 2009, there was a golden age in the LED industry. Because of the strong market demand and the gradual application of technology, the products of LED manufacturers are in short supply and the market is booming. Since then, in 2010, LED investment speeding expansion, the threshold of entry products is very low, and the core technology of advanced products and a handful of foreign countries in the hands of industry leaders. A sudden increase in supply and a fall in exports caused the market to soon become bogged down in price wars. Two years in 2011 and 2012 the profitability of the company are very poor, making the industry in the valley to better achieve the elimination of backward production capacity this year, corporate profits improved significantly, and the foreign trade data show that export orders also have obvious signs of recovery.
On the other hand, the state support for energy conservation and environmental protection industry has intensified since the beginning of this year, a series of industrial policies and local policies issued, it will greatly speed up the LED lighting products to replace the traditional lighting products rhythm.
Pay attention to performance, avoid excessive speculation
A LED All flowers bloom together. Jufei, including shares (300303 shares), de Ho Runda (002005, shares), REFOND (300241, shares), Sanan optoelectronics, rectangular lighting, Mason technologies (002654, shares), South photoelectric (300346, shares), Silan (600460, shares) of the 8 companies in 2 months rose over 40%, or over 20% of up to 16. Many of the performance of the company will be reflected in the report, part of the company business is no signs of recovery, just follow the concept of some other stocks rise, although the performance improvement, but due to excessive speculation of short-term funds, the price has been significantly overvalued, there is a big pullback pressure.
Recently billboard obvious differentiation. Lehman photoelectric (300162, shares) recently continuous trading, the company has up to 90 times earnings, even if the performance of the company by the end of this year doubled, earnings are still more than 40 times, but at present, the expected growth of company performance is not high. The first ten trading are brokerage business department, including some famous hot money, and turnover rate has exceeded 20% for two consecutive days. Honglitronic (300219, shares) although early also have accumulated large gains, but the performance of the company growth is relatively clear, the current price of the 2013 price earnings ratio of 30 times, the growth is able to support the market price. A total of 24 seats in the 3 institutions to continue buying heavily, the body seats to buy more than 60 million yuan.
