Title LED: Buy select stocks amid 1Q17 light seasonality
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Title:LED: Buy select stocks amid 1Q17 light seasonality
Download File:LED industry note 170314--sinopac.pdf 
 
Summary:LED firmís FEB sales mostly in line: While most firms posted in-line results, Tons Lightology came up short. Now that pull-in for backlight LED stoked by Christmas holiday demand in Europe and the US has ended, we will focus on inventory preparation for consumer electronics (TV/smartphone). We believe seasonality is weighing on UTRs in the industry in 1Q17, but we will look for opportunities to buy solid companies on weakness. For now, we like Epistar.
  
Date:2017/03/14
Author:TaiwanResearch.com
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