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Global LED lighting company's revenue growth is accelerating, TV backlight is expected to pick up. According to UBS's tracking of lighting leading manufacturers, 2013Q4 Philips LED lighting business revenue increased by 48%, OSRAM also said that LED lighting business 2013Q4 sales increased 28, 2013 CREE The proportion of lighting revenue has also reached 36. Due to the continued increase in screen size, the increase in direct-lit backlight penetration and the increase in TV resolution, TV backlight demand is expected to pick up. In addition, according to the January 2014 revenue forecast released by LED-related companies in Taiwan, it is generally indicated that the off-season is not weak.
Market callback risk does not change the industry's economic trend According to the UBS strategy group's judgment, after the two sessions, the market may face some risks, such as policy, economic, IPO issuance, and the annual report, the first quarter report disclosure performance is lower than expected, but we believe that short-term The systemic risk does not change the industry's economic situation. On the contrary, if the stock price falls due to systemic risk, we believe that instead of enhancing the attractiveness of the sector, we still recommend focusing on the relevant investment opportunities in the LED industry.