LED lighting demand is bullish

On the occasion of the rejuvenation of the economy and the slow pace of stock price, the LED industry's fund-raising tide has reappeared. The Board of Directors of Taiwan factory Guangding has now increased 10 million shares to join the fund-raising ranks of Yiguang, Jingdian and the new century, as the leading factory Yiguang took the lead in pulling up the p/e ratio, the LED factory started the price comparison market, which was conducive to the financing of the LED factory. The demand for LED lighting is on the rise in 2014, which has stimulated the share price of LED factories to slowly reach this year's high point. Major factories are also making great efforts to raise funds from the capital market and prepare silver bullets. Among them, Guangding's board of directors decided to increase 10 million shares to repay bank loans. Guangding's current stock price maintains high-end volatility, with yesterday's closing price of 12. NT $4 (The same below)It is estimated that it is expected to raise 1. 2. 4 billion yuan of funds. The long-lost LED stocks showed explosive power after entering Q4. with the momentum of the LED lighting penetration rate reaching 20 next year, the stocks rose from the bottom of the valley, and the leading factory Yiguang was 65 this week. 4 yuan hit a new high in the band, and the legal person estimated that Yiguang's earnings per share this year reached 3. In 6 yuan, the p/e ratio exceeded 18 times, far exceeding the average P/E ratio of the broader market, driving the stocks to expand the price effect. Yiguang is carrying out 40. 0. 2 billion yuan convertible corporate bonds (CB)And the investment company Jingdian is also ready. The private equity capital increase case with 0. 5 billion shares as the upper limit can be raised at any time as long as there is a suitable strategic alliance object. However, compared with the stock price performance of Jingdian in the first half of the year, Jingdian's current stock price has also entered a relatively high grade, and the amount of funds that can be raised has risen to 13. 5 billion yuan. In addition, the grain factory has also planned 0. 1 billion private placements in the new century. At present, it has entered a period of silence before financing, compared with about 15 in the new century. 65 yuan stock price, can raise about 1. 5 billion yuan of funds; If the financing plans of Yiguang, Jingdian, New Century and Guangding are combined and calculated, the four manufacturers are expected to raise nearly 20 billion yuan, although it is not comparable to the peak period of financing in 2009, but the time for raising funds is better than at the beginning of this year. Taiwan's grain manufacturers have generally performed poorly this year. However, as demand increases and wafer supply slows down, the performance of grain manufacturers is expected to improve next year, including Huashang, Taigu and Yuanyuan. At present, the industry has cut the LED industry chain into three pieces, including LED chips, LED packages, and downstream LED lamps and modules. On the whole, the demand for lighting has increased greatly, which is a great advantage for Taiwan's wafer and packaging factories.