LED industry business opportunities

Electronic Industry Week Performance

The broader Shanghai-Shenzhen 300 index fell 2.85% this week. The electronic components (Shenwan first-class) index fell by 4.6% this week. The electronic index underperformed the broader market by 1.75 percentage points. As of November 9, 2012, the valuation of all A-shares after the TTM excluding negative values ​​was 11.5 times, and the valuation after the TTM of the electronics industry excluding negative values ​​was 28.81 times. After this week's decline, the valuation of the electronics industry Declined by 1.37 compared to the previous week. In the previous week's market, all industry sector indexes fell, and the weekly average component range was calculated using the arithmetic average method. Among the SW trading equipment, the sector fell the smallest, falling by 1.98%, and the SW electronic sector saw the largest decline. 4.80%. In the electronic sub-sector, the SW passive component sub-sector saw the smallest decline, which was 1.97%. The SW optical component sub-sector saw the largest decline, with 7.08%.

Industry global performance

Last week (November 5 - November 9) The global major capital markets, the various electronic industry index market as shown in Figure 6 below. Among them, the Philadelphia Semiconductor Index SOX closed at 369.70 points, a rise or fall of -0.70%. The Dow Jones Industrial Average DJI closed at 12,815.39 points, a change of -2.12%. The Taiwan Science and Technology Index TWIT closed at 5,746.32 points, a change of 1.70%. The Hang Seng IT Industry Index HSITSI closed at 2,868.45 points, a change of -1.03%.

Huaqiangbei electronic market price week index. In this issue, the Huaqiangbei Electronic Market Composite Index continued to rise, closing at 96.32 points, up 0.3 points, or 0.31%.

The market researched IDC data. In the third quarter of this year, the global shipment of tablet PCs was 27.8 million, an increase of 49.5% year-on-year and an increase of 6.7% from the previous quarter. Among them, iPad has 14 million global shipments and a market share of 50.4%, which is lower than the 65.5% in the second quarter.

According to the SIA report, global semiconductor revenue in September this year was US$24.79 billion, a 2% increase from the previous quarter. Semiconductor revenue in the third quarter was 74.4 billion U.S. dollars, up by 1.8% from the previous quarter, but down 4.7% year-on-year.

SEMI news, LED lighting technology and costs have been put in place, the traditional light source will be eliminated, the international giants rush to attack the beachhead, Philips's LED component factory LUMILEDS Malaysia plant will be expanded in November to double the high-power LED production capacity, Japan Nichia expands 20% of its production capacity to fully attack LED lighting, and CREE in the United States increases LED lighting technology at a steep rate.

Investment Advice

Due to the global economic downturn, SIA showed that semiconductor revenue in the third quarter was 74.4 billion U.S. dollars, down 4.7% year-on-year; North American and Japan's semiconductor equipment BB declined respectively, corporate performance was lower than expected, and the outlook for industry recovery was unknown. As the catalytic effect brought about by innovative products during the year basically disappeared and the overall performance was still lower than expected, the industry maintained a “neutral” rating. At present, the highlight is still the growth of the industrial chain brought by mobile smart terminals. We can continue to focus on related industry chains such as Apple and Samsung, and we can also pay attention to the LED industry that benefits from the rapid development of policy promotion. It is recommended to continue to focus on the growth of the smart terminal industry chain, as well as the rapid growth of the industry chain of individual stocks, such as intelligent terminal industry chain Jinfu new materials, long letter technology, Goer acoustics, long surplus precision.