Business News (Reporter Wang Zhengda) On Tuesday, the market started an oversold rebound. Among them, the LED sector named green lighting rioted across the board. Foshan Lighting (000541, Stock Bar), Sunshine Lighting (600261, Stock Bar), Leyard (300296 , Stock Bar), Hongli Optoelectronics (300219, Stock Bar), etc. reached their daily limit, while Lianjian Optoelectronics (300269, Stock Bar), Jufei Optoelectronics (300303, Stock Bar), Huacan Optoelectronics (300323, Stock Bar) rose by more than 7%.
According to the Energy Independence and Security Act promulgated by the United States in 2007, starting from January 1, 2014, the best-selling 40-watt and 60-watt incandescent lamps in the US market will stop being sold. After phasing out incandescent lamps, the United States encourages the use of energy-saving compact fluorescent lamps, LED lamps and other light bulbs with higher energy efficiency ratios. LED lighting is the third light source revolution after incandescent lamps and fluorescent lamps. At present, the global LED industry has entered a period of rapid development. The global LED market size was US$12.4 billion in 2013 and will reach approximately US$150 billion in 2020, with a compound growth rate of 42.6%.
BOCI Securities believes that 2014 will be the first real lighting year for LED. The upper, middle and lower reaches of the industry chain will be driven by downstream demand, and industrial integration and new model evolution will become industry themes. It is recommended to pay attention to Aoyang Shunchang (002245, Stock Bar) (LED chips have begun to increase in volume, and traditional companies have successfully entered the LED industry, and are expected to emerge suddenly), Sanan Optoelectronics (600703, Stock Bar) (the supply and demand pattern of LED chips is tight, and chip prices are firm, which is conducive to improving the company's profitability), Jufei Optoelectronics (Jufei Optoelectronics will further benefit from the back of low-priced tablet computers and flat-panel TVs) The share of light has increased, and the recent decline has made the company's long-term investment value appear), Unilumin Technology (300232, Stock Bar) (the proportion of small-pitch displays has increased, e-commerce channels have begun to exert efforts in lighting in 2014, and the company will directly benefit from the innovation of channel models). In addition, you can pay attention to the fundamentals of Dehao Runda (002005, Stock Bar), which may have an inflection point in the first half of next year and the progress of flip-chip mass production.
Hualong Securities pointed out that the recent high BB values in North America and Japan, good semiconductor sales data, and rebound in consumer confidence index all indicate that the industry's fundamentals are good. After the massive hype on thematic opportunities in the early stage, there may be a need for valuation repair in the second quarter. Continue to pay attention to LED-related investment opportunities, focusing on Jufei Optoelectronics and Changdian Technology (600584, Stock Bar).
ANNA