Damo optimistic about LED Q2 capacity utilization encourages buying crystal
Recently, Morgan Stanley said that LED capacity utilization rate has begun to rebound in February. In addition to LED backlight orders, this year's LED bulb demand has been prosperous for a long time, so it is recommended to buy crystal TV, target price 85 yuan.
According to Morgan Stanley, the LED industry benefited from new TV shipments in the first quarter and the increase in NB/display LED backlight orders. The monthly revenue growth rate in March reached 16%, which was better than expected. The demand for LED factory in the second quarter has recovered. The installation of LED street lights in mainland China has also driven upstream demand. Damco estimates that the overall LED plant capacity utilization rate will be raised from 60%-70% in the first quarter to 85-95%.
International oil prices remain high, and energy-saving products such as LED lights have become a long-term trend. Some research institutes said that the scale of China's LED lighting market this year will be 2.259 billion US dollars, with a compound growth rate of 56% in the next four years. Damo believes that during the period of LED stocks, if the stock price pulls back, it will provide investors with low-cost buying points. In addition to optimistic about Jingdian, it also gives Yiguang and Edison a neutral rating.
According to Morgan Stanley, the LED industry benefited from new TV shipments in the first quarter and the increase in NB/display LED backlight orders. The monthly revenue growth rate in March reached 16%, which was better than expected. The demand for LED factory in the second quarter has recovered. The installation of LED street lights in mainland China has also driven upstream demand. Damco estimates that the overall LED plant capacity utilization rate will be raised from 60%-70% in the first quarter to 85-95%.
International oil prices remain high, and energy-saving products such as LED lights have become a long-term trend. Some research institutes said that the scale of China's LED lighting market this year will be 2.259 billion US dollars, with a compound growth rate of 56% in the next four years. Damo believes that during the period of LED stocks, if the stock price pulls back, it will provide investors with low-cost buying points. In addition to optimistic about Jingdian, it also gives Yiguang and Edison a neutral rating.
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