GLII: LED index Q3 will be suppressed first and then Q4 will continue to rise

Key planning

In the third quarter of 2012, the high-tech LED industry index closed at 1065.68 points, up 3.21%, showing the characteristics of the first move and then the rise.

The High-Tech LED Industry Research Institute (GLII) expects that the high-tech LED index will continue to pick up in the fourth quarter of 2012, the main reasons are as follows:

Affected by the LED industry policy of the national and local governments, the LED industry market is expected to further recover, and related LED listed companies will further benefit and reflect on revenue;

From October this year, 100W and above incandescent lamps will be banned in China, and the market penetration of LED lighting is expected to further increase;

Affected by seasonal factors, the revenue level of LED listed companies in the second half of the year is expected to increase compared with the first half;

Index stocks with large declines in some stocks are expected to rebound to a certain extent in the fourth quarter.

GLII released the 2012 China Mobile White LED Packaging Enterprise Competitiveness Ranking. Among them, listed companies Hongli Optoelectronics, Ruifeng Optoelectronics, Wanrun Technology and Guoxing Optoelectronics ranked first, second, sixth and seventh respectively.


 High-tech observation

 GLII: LED indoor lighting market grew by 36% year-on-year in the first half of the year
 GLII: Domestic LED lighting equipment in the first half of the year, the market size only increased by 10%
 Zhongshan City plans to complete installation of 100,000 LED street lights by the end of 2013

 Quote review

 This week's high-tech LED industry index closed at 1065.68 points, up 1.38%. This week, the Shanghai and Shenzhen 300 Index rose 4.28%. The LED sector followed the overall market trend but gained less.

16 Of the 225 key stocks, 16 rose, with an average increase of 0.66%. The top three gainers were Zhou Ming Technology (6.28%), Guoxing Optoelectronics (6.05%) and Ruifeng Optoelectronics (4.26%). The top three losers were Alto Electronics (-4.94%) and rectangular lighting ( -4.48%) and sunlight (-3.47%).

 Investment recommendation

Sanan Optoelectronics (600703), Qinshang Optoelectronics (002638), Ruifeng Optoelectronics (300241).

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