LED lighting, such as the 5 major science and technology of the 8 good "Han", the big bang into

Morgan Stanley Securities yesterday (6) said that this year should be "overweight" Asia Pacific technology stocks, and suggested that the lock "apple supply chain" and "emerging market intelligent mobile phone", "LED general lighting", "4K2K TV", "National Security Bureau (NSA) stocks" and other five ethnic group.

From a layout point of view, Morgan Stanley Securities optimistic (2382), Quanta MediaTek (2454), UMC (2303), Fu Chi Kang (FIH), novatek (3034), China (2448), crystal electric (3474), subfamily AUO (2409) and 8 stalls.

Morgan Stanley Asia Pacific semiconductor Securities chief analyst Lv Jiaao said, according to historical experience, as long as the global economy in the stabilization or recovery phase, the performance of technology stocks generally better than expected in the market, the relationship between the two is very high, according to the latest pre Morgan Stanley Securities estimates, this year's global GDP growth rate of 2.9% for 3.4%, slightly better than last year.

Lv Jiaao pointed out that last year's non performance of technology stocks is far better than the technology stocks trend is likely to change in the year, from the fundamental point of view, non technology stocks and China / emerging market economy. High technology stocks and European economic linkage America / higher, Morgan Stanley Securities Chinese GDP estimates due to growth rate from last year the 7.6% to 7.2% this year, while the United States and Europe respectively by 1.6% and -0.5% to 2.6% and 0.5% back to temperature, so this year the layout of non tech stocks risk.

Although Lv Jiaao believes that this year Asia Pacific technology stocks from either the absolute or relative return point of view are attractive, but different from the international capital flow of the industry last year most of the leading stock trends, this year to non leading shares as the layout object, the investment rate is relatively high, therefore, this year's stock is not selected city "the importance of very high.

Lv Jiaao pointed out that this year will enter the smartphone industry cycle of eighth years, due to the international first-line manufacturers may face the problem of the loss of market share, leading shares may face greater pressure.

In addition, LED, memory, LCD, solar energy and other cyclical stocks, usually in the global economy back to the higher temperature risk value, the performance is relatively good.

Lv Jiaao believes that this year Asia Pacific technology stocks layout can be locked spindle the following 5: first, Apple's supply chain: Apple will eventually launch large size iPhone, but stocks need to carefully choose; two, the emerging market of intelligent mobile phone: the theme has not been completed; three, LED general lighting: this year the demand forecast will grow 3 times 4K2K; four, TV: prices will stimulate demand to emerge; five, the National Security Agency (NSA) stocks due to national security concerns: opportunities and Chinese derivatives related to the launch of 4G services for related equipment manufacturers.