Semiconductors , Electronic Equipment : LED Boom in The First Half of High Uncertainty Recommended 12 Stocks

LED lighting

Recent industry association further recent acquisition of Motorola Mobile, Sony LED lighting and backlighting industry needs both positive incentives in the first quarter is not short off-season , pay out beautiful transcripts.

Comments optimistic about this year's LED plant lighting equipment needs to bring : LED chip demand is mainly from a backlight module , the transition to high growth lighting to focus on . In view of the overall market this year, the output value of LED lighting will also be the first time beyond the backlight . Estimates based on American Veeco ( global market share of the first manufacturers of MOCVD ) , 2014 LED lighting market size estimates from 2013 's $ 4.586 billion to $ 5.703 billion to grow , with an average growth of about 25%. Lower LED costs while taking care quality and efficiency , thus promoting the development of a new generation of MOCVD equipment. Simply put , the production efficiency LED die with old machines , and therefore can not just go to a cyclical industry capacity standpoint LED industry , in order to keep pace with productivity international companies , domestic manufacturers have to expansion this year , while expansion manufacturers in the current industry environment, the expansion is expected to benefit from the positive effects brought about .

Sapphire ingot prices mainly from the LED needs rather than on the mobile phone applications : recent research sapphire supply chain ( long grain and cutting manufacturers ) , briefly summarized as follows : 1 ) to 2-inch products, for example , about $ 4 in the fourth quarter of last year expected in March this year will increase to $ 5.5 , primarily from the LED needs.4-inch products offer about 30 dollars. 2 ) Crystal Supply:

GTAT now construct the scale is four times the world's largest manufacturer of crystal supply , it is almost equivalent to the current eighty percent of the world's supply of sapphire . 3 ) sapphire hardness only to diamond , it is also a difference in cutting efficiency compared with glass. Conclusion: this year or next year to see the sapphire cover on iPhone, GTAT on crystal growth and yield breakthrough technology is the most basic key .

Valuation and recommendation remain volatile market after the Lunar New Year , with five since January 27 opening date , the Shanghai Composite Index fell 0.5 percent , the electronic sector rose by 1.5% , including a touch screen and LED gains were 1.6 % and 1.3% , callback security sector fell 2.4 %. Revenue dazzling LED manufacturers in January , backlight and lighting up the goods have the phenomenon in the first quarter continued to shine , showing promising before the end . Determine the security industry growth performance and high margin of safety (vs. deadline to February 7, 2014 electronics sector as a whole excluding negative earnings 46.8XTTM_ whole law ) , it is recommended that investors can bargain overweight.

The downside risk in the first quarter : 1 ) prepare shipments of apples and apple terminal industry chain does not match the actual shipments ; 2) LED decline in value too quickly. Upside risks: iPhone went on sale after the move , the demand is higher than expected.