The LED group of Taiwan stocks fell sharply in succession, and foreign investors pointed out that there was an oversold phenomenon.

The LED ethnic group fell repeatedly. Among them, the listed company's leading crystal chip (2448) was the deepest decline in the listed electronic stocks in the first half of the year, with a total drop of more than 60%, and Yiguang (2393) also fell 36.6%. Foreign Citigroup Smith Barney shouted into LED upstream and downstream leading crystal and Yiguang, and believed that the two stocks have oversold, respectively, and upgraded to buy and continue to hold, foreign Paris securities continued to bearish, down the billion Wait for the minus code.
Citigroup's research report pointed out that the LED stock price was revised up to 40% to 60% in the first half of this year. The bad news of the industry has almost been completed. It will enter the peak season in the second half of the year, and the revenue is not easy. The future of LED industry is still promising. Citigroup changed the crystal power and billion light rating, among which 60% of the crystal power was sold from the original, and was upgraded to buy, with a target price of 90 yuan, and Yiguang was upgraded to hold, target price. It is 95 yuan. Affected by the global economic recession, Citigroup's research report lowered the price of crystal and Yiguang respectively. The profit per share of Jingdian was reduced from 4.56 yuan to 2.37 yuan, and the profit per share of Yiguang was reduced from 6.59 yuan to 5.54 yuan. In this case, the research report still pointed out that the negative impact of the lack of demand for mobile phones and small and medium-sized products has been reflected. Even if demand slows down in the second half of the year, it is estimated that the annual growth rate of revenues of billions and crystals can maintain positive growth. With the current price of Jingdian and Yiguang, it is obviously oversold. Citigroup is also optimistic that the EPS will rise to more than four yuan next year, and Yiguang has nearly eight yuan.
Paris Securities continued to look at the bad light, the Paris Securities Research Report yesterday lowered the target price of billion light, from the previous 128 yuan to 73.4 yuan, the rating was also reduced from buy to minus. According to the Paris Securities Research Report, the demand for white-brand mobile phones in China is estimated to fall by 10% to 15%, and the revenue per share of Yiguang will be reduced from the original 5.9 yuan to about 4.9. yuan.

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