LED lighting demand bullish Taiwan LED factory financing tide reappearance

In the wake of the resurgence of the economy and the slowing of the stock price, the LED industry financing tide reappeared. The board of directors of Taichang Guangding passed the current increase of 10 million shares and joined the financing of Yiguang, Jingdian and New Century. Pulling high the ratio, the LED factory started the price comparison, which is beneficial to the LED factory to raise funds.

In 2014, LED lighting demand was bullish, stimulating LED factory stocks to slowly move toward this year's high point, and major manufacturers are also eager to raise funds from the capital market to prepare silver bullets.

Guangding's board of directors resolved to increase the current 10 million shares to repay bank loans. Guangding's current share price maintains high-end shocks. It is estimated to be NT$12.40 million by the closing price of 12.4 yuan (the same below) on the 22nd.

The long-lost LED stocks have shown explosive power after entering Q4, and the LED lighting penetration rate will reach 20% next year. The stocks will rise from the bottom, and the leading company Everlight will hit a new high of 65.4 yuan this week. In the case of Everlight's earnings per share of 3.6 yuan this year, the price-to-earnings ratio exceeded 18 times, far exceeding the average price-earnings ratio of the broader market, driving the stocks to launch the price effect.

Yiguang is carrying out a 40.2 billion yuan convertible corporate bond (CB), and the investment company Jingdian is also preparing a private equity increase of 250 million shares, as long as there is a suitable strategic alliance object can be raised at any time. However, in contrast to the stock price performance of Jingdian in the first half of the year, Jingdian's current share price has also entered a relatively high-end, and the size of the funds that can be raised has risen to 13.5 billion yuan.

In addition, the chip factory plans to purchase 100 million private placements in the new century. At present, it has entered the silent period before fundraising. Compared with the stock price of about 15.65 yuan in the new century, it can raise about 1.5 billion yuan. If the merger calculates billion light, crystal power, new century, In the financing plan of Guangding, four manufacturers are expected to raise nearly 20 billion yuan of funds. Although it is not comparable to the peak financing period in 2009, the time for fundraising has been better than that of the beginning of this year.

Taiwan's chip makers' performance is generally poor this year. However, as demand increases, wafer supply slows down. The performance of chip makers is expected to improve next year, including Huashang, Taigu and Yuyuan.

At present, the industry has cut the LED industry chain into three pieces, including LED chips, LED packages, downstream LED lamps and modules. Overall, the demand for lighting has increased significantly, which is a big plus for Taiwan's chips and packaging plants.