Balak optimistic about the table of LED backlight driven demand

Barclays Capital in the latest report, so optimistic about the LED backlight demand warming, a table, (6278) from 2012 to 2014 EPS compound annual growth rate of 14%, for the first time into the tracking stock list, overweight rating, target price of 85 yuan (NT, the same below).

Barclays Capital said, Taiwan, is the world's largest manufacturer of Surface Mount Technology (SMT), with the new apple iPad and Apple tablet computer to drive the LED camp, a backlight (light bar) needs warming, and LED lighting products penetrate to large customers, optimistic about the table 2012 to 2014 per share profit (EPS years) the compound growth rate of 14%.

In addition, Barclays Capital said, since the light power in the new products, new products, will drive the control board product margins improved, a table of 2013 and 2014 return on equity (ROE) to 12% to 13%, compared with 11% to 12% growth this year.

In LED lighting, Barclays Capital said the table of LED lighting manufacturing / testing platform, 2 have infiltrated the top 3 brands including LED lighting, LED lighting is expected to drive revenue growth, the estimated 2012 to 2014 LED lighting revenue compound annual growth rate will reach 157% in 2014, LED lighting will be contributed revenue of 11% in 2012 1%, compared to 2011, significantly increased.