LED lighting demand bullish LED plant wind up again

In the boom, the stock price to catch the rejuvenation disc Kennedy as LED industry financing tide reproduction, Taiwan factory light Ding by the board of directors is joined by 10 million shares, Everlight, and new century financing ranks, due to the leading factory billion light lead high earnings ratio, LED plant started price quotes, in favor of LED factory financing.

2014 LED lighting demand bullish, incentive LED factory stock prices to a high point this year, each large manufacturers also from the capital markets to raise funds to prepare silver bullet. Among them, the resolution of the board of directors for the Ding light increase 10 million shares to repay bank loans, the current stock price shocks to maintain high light Ding, to yesterday's closing price of 12.4 yuan (NT below) projections, is expected to raise 124 million yuan of funds. Quiet for a long time, LED shares into the Q4 show explosive force, with the LED lighting penetration rate to reach 20% next year the momentum stocks from the bottom to turn Yang, leading manufacturers of billion light this week to 65.4 yuan high band, with corporate estimates billion light year per share earnings amounted to 3.6 yuan, the price earnings ratio exceeded 18 times. Far more than the market average price earnings ratio, stocks bijiaxiaoying expansion drive.

Billion yuan is 4 billion 20 million yuan can be carried out by Switching Company bonds (CB), and turn the investment company crystal power is also ready for the upper limit of the private placement of shares in the case of capital increase, as long as there is a suitable strategy for the union of the object can be raised at any time on the 250 million. However, the control of the first half of the share price performance of crystal electricity, crystal electric current stock price has entered a relatively high-end, can raise the scale of funds raised to 13 billion 500 million yuan.

In addition, the grain factory in the new century is also planning 100 million shares of private equity, has now entered a quiet period before financing, compared to the new century about the stock price 15.65 yuan, about 1 billion 500 million yuan to raise funds; if the combined calculation of Everlight, new century, light Ding's financing plan, 4 companies are expected to raise nearly 20 billion yuan of funds. Although less than the 2009 financing peak, but the financing point is better than the beginning of this year.

Taiwan Dachang area grain this year earnings performance is generally poor, but with the increased demand, wafer supply slowed down, next year is expected to improve the grain Dachang performance, including the Chinese, Taigu, canyuan have the opportunity to turn into profit.

At present, the industry chain will be cut into three LED, including LED chip, LED packaging, downstream LED lamps and modules, etc.. Overall, the increasing demand for lighting, the Taiwan wafer, packaging plant is a big positive.