Micro Bo: LED growth to give overweight rating

SW researchers report that the three main business companies in the future, LED is still the fastest growing business class, business in the future will be through the device capacity expansion and product line extension development, the integrated circuit business will enter the earnings period. The company's business is in the upcoming release of the circuit stage, will be an important growth point in the next two years of profitability. Expected 2010 -2012 earnings per share of 0.58 yuan, respectively, $0.82 and $1.14. 2011 reasonable value of 30 times earnings, giving overweight rating.