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The capital market is also optimistic about this long-term trend. According to Chen Li, an analyst at UBS Securities, compared with other growth industries, the current LED sector valuation is still relatively reasonable. The benchmark PE in 2014 is only 24 times, far lower than other growth stocks. The LED industry has performance support and is expected to grow by 30-50 in 2014, and is expected to achieve high growth in the first quarter. In the future, once the performance confirms the industry's upward trend, it will bring significant excess returns.
In 2014, the door to the LED lighting market will be completely opened.
On January 1, 2014, the United States announced that it would no longer produce and sell 60-watt and 40-watt incandescent lamps. At the same time, Canada also officially banned 75-watt and 100-watt incandescent lamps. The EU completely banned the sale of incandescent lamps in 2012.
Back to China, the price of LED lights has continued to fall, and has basically fallen to the threshold of civilian use. With the support of national policies, LED lighting will accelerate the replacement of traditional lighting. LED is expected to open twice after the market.
At present, the demand for LED lighting is expected to increase more clearly. The year 2014 is expected to be an outbreak. In the base of 2013, optimism is expected to have more than doubled growth, and the cautious expectation is also doubled. A senior executive of a domestic LED chip manufacturer told reporters.
This estimate is not without basis.
On the one hand, it is the start of the domestic LED lighting market. In 2012, the penetration rate of LED lighting was less than 3, and in 2013, the penetration rate increased to 6, and the industry has entered a period of rapid growth through the introduction period.
On the other hand, overseas markets have also given Chinese companies the opportunity. The General Administration of Customs estimates that the export growth rate of LED lighting products in the fourth quarter of 2013 will be above 80%. In 2014, the scale of the global commercial and residential lighting market will exceed 100 billion for the first time. In 2015, it is expected to reach 160 billion yuan, and the compound growth rate in the next two years will be around 60.
Our company is very optimistic about the general trend of the LED lighting market to pick up, and has prepared for the upcoming outbreak of demand. Sanan Optoelectronics [-3.98 Fund Research Report] Dong secret Wang Qing said.
The capital market is also optimistic about this long-term trend. According to Chen Li, an analyst at UBS Securities, compared with other growth industries, the current LED sector valuation is still relatively reasonable. The benchmark PE in 2014 is only 24 times, far lower than other growth stocks. The LED industry has performance support and is expected to grow by 30-50 in 2014, and is expected to achieve high growth in the first quarter. In the future, once the performance confirms the industry's upward trend, it will bring significant excess returns.