LED penetration to enhance the 3 shares of Lehman photoelectric limit

On Wednesday, LED stocks soared across the board, Lehman photoelectric [9.98%], East crystal electronic [9.98%], remote optical [9.98%] 3 stocks daily limit, rectangular lighting [4.30%], Ruifeng photoelectric [3.33%], Han laser [4.02%] rose over 6%.

State securities issued a report that the electronics industry, said: given the electronics industry neutral investment rating. As of October 31st, the electronic sector earnings ratio was 53.08X, although compared with the first half of October fell, but relative to the performance growth, valuations are still at a high level. From the three quarterly disclosure of listed companies, the overall performance of the electronics industry in the 3 quarter compared with the decline in the first quarter of this year, the two quarter. Looking forward to the four quarter, the industry is likely to face the situation is not busy season, and the first quarter of next year, the industry is the traditional off-season, so we believe that the short term, it is difficult to have a larger degree of recovery.

In the home appliance subsidy policy is expected to restart, the fourth quarter backlight inventory will be launched, the TV backlight demand is expected to resume growth. Because the LED market competition, terminal lighting products prices fell significantly, the market will stimulate demand. Expected in 2014, LED lighting market output value of $35 billion 300 million, compared with growth of 47.8% in 2013, the penetration rate will be raised to 32.7%, so we believe that the LED industry will continue to be high king. We believe that in the electronic industry chain gradually transferred to the mainland of China in the background, some of the larger growth of the leading enterprises will be expected to benefit from the proposal to actively buy high-quality stocks down.