GLII: High-tech LED industry index rose 8.48% in the past two weeks

Key Analysis

After nearly a month of consolidation, the high-tech LED industry index continued to rise in the second and third weeks of April 2013. The weekly gains were 2.07% and 6.28%, respectively, and the cumulative increase in the two weeks was 8.48%. In the same period, the second and third weeks of the Shanghai and Shenzhen 300 Index were up to -0.86% and 2.91%, respectively. The cumulative increase in the two weeks was only 2.02%. The high-tech LED industry index performed significantly better than the broader market.

Last Friday, the high-tech LED industry index rose by 44.17 points, or 4.08%, recording the biggest single-day gain in more than a month. Taking this opportunity, the high-tech LED industry index once again successfully stood at 1100 points and reached 1126.18 points. In the later period, as the overcapacity problem in the industry gradually eased, and the lighting market broke out, the index is expected to see a historical high of 1180 points. However, in the short term, the pace of the index upswing will encounter some resistance at the previous high level of 1140-1160 points, when the index will be consolidating in the 1100-1160 range.

In the past two weeks, the high-tech LED industry index continued to rise, mainly because: the previous period continued to fall, the rebound demand was strong; the market's short-term correction, market confidence boosted, the high-tech LED industry index followed the broader market accelerated.

In the past two weeks, there have been 23 out of 25 LED key stocks, of which 6 have accumulated more than 10%. The top three gainers were Jufei Optoelectronics (17.81%), Qinshang Optoelectronics (14.69%), and Dazu Laser (14.05%).

High-tech observation
GLII: Taiwan's LED packaging manufacturers backlight "dangerous" bureau The packaging industry continues to benefit from the lighting market can not go out of the profit margins still look after the market Zhongshan will complete the installation of LED street lights in 2013, 115,000 盏

Market review

After nearly a month of consolidation, the high-tech LED industry index successfully stood at 1100 points this week, closing at 1126.18 points, a sharp increase of 6.28%; the Shanghai and Shenzhen 300 index closed at 2533.83 points, up 2.91%, the high-tech LED industry index outperformed The market was 3.37 percentage points.

This week's stock performance can be described as spring blossoming, a thriving, 25 LED key stocks almost all red, the average increase of 6.17%, the top three gains are Jufei Optoelectronics (17.50%), Silan Micro (16.27%) and Rui Feng Optoelectronics (16.26%).

Investment recommendation

Tongfang shares (600100), Jufei Optoelectronics (300303), Moso Power (002660).

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