Global LED lighting company revenue growth accelerated

Global LED lighting company revenue growth accelerated, TV backlight is also expected to pick up

According to UBS for the leading manufacturers of lighting tracking, 2013Q4 PHILPS LED lighting business revenue grew 48%, OSRAM also said that the LED lighting business 2013Q4 sales rose 28%, lighting 2013 revenues have accounted for 36% of CREE. Continue to increase the size of the screen, straight down backlight penetration and television resolution to improve, TV backlight demand is also expected to pick up. In addition, according to the Taiwan region LED related companies announced in 2014 revenue situation in January, generally showing the off-season is not weak trend.

Market callback risk does not change the industry trend

According to UBS group strategy after the judgment, NPC and CPPCC, the market will likely face some risks, such as policy, economy, as well as the annual report, IPO issued a quarterly disclosure of the risk of lower than expected performance, but we believe that short-term systemic risk does not change the industry boom, on the contrary, if because of systemic risk and causes the stock price to fall, we think but enhance the sector attraction, we still focus on the recommendations of the LED industry related investment opportunities.