Mon, Aug 12, 2013 - Page 13 News List

LED sales are forecast to grow

KEEPING MOMENTUM:Shipments of LED lighting products are expected to keep expanding as energy-saving computers and TVs keep driving the growth

By Kevin Chen  /  Staff reporter

JPMorgan Securities Taiwan Ltd is also upbeat about the outlook for the two companies, expecting Epistar to post EPS of NT$0.8 this year and NT$2.75 next year, while NT$3 and NT$3.7 for Everlight in these two years.

In particular, Epistar’s flattish sales last month from June made it stand out from most display supply-chain companies, which posted revenue declines last month, JPMorgan analyst Narci Chang (張恆) said in a report on Friday.

“We expect such divergence to continue as general lighting demand has grown large enough to offset the shortfall in backlight business,” Chang said.

Nevertheless, Taishin Securities Investment Advisory Co (台新投顧) on Friday took a relatively cautious stance toward Epistar, with EPS forecast of NT$0.66 for this year.

“The lighting demand remains stable this quarter but the company is expected to see sequential sales decline during the traditionally slow season next quarter,” said Taishin analyst Huang Chang-en (黃常恩).

Huang predicted the company to see EPS reach NT$1.05 next year, thanks to its solid technology base and leading market status.

Shares of Epistar rose 4.19 percent to NT$49.75 on Friday, while those of Everlight increased 3.45 percent to NT$46.45. So far this year, Epistar has fallen 5.6 percent but Everlight has risen 21.92 percent, compared with a 2.03 percent hike in the TAIEX over that period.

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