2008年7月25日 星期五

2008JUL24 買入 AIXG　9.38

* 購買理由：
1. AIXG 為LED產業 MO 設備首選。

本股列為核心組合。

*操作策略
1. AIXG 有低點會再擇價買入。

張貼者： trifire 於 7/25/2008 05:12:00 下午

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2 則留言:

trifire 提到...

http://taiwanstock-research.blogspot.com/2008/08/20080729-daiwa-takeaways-from-veeco.html

- Most of the LED MOCVD reactor orders come from Taiwan and China during 2Q08

- Veeco received LED advance bookings from five China and Taiwan LED companies, some are first time customer orders

- Veeco received MOCVD and MBE orders from triple-junction solar cells and thin-film solar cells manufactuers; Veeco will start to ship more multi units of MOCVD reactors to Spectrolab

- Aixtron’s new generation MOCVD equipment progress was slightly ahead of Veeco. Veeco just starting to qualify its new generation MOCVD Calendar in 1Q08. Veeco CEO expects the throughput of the new generation MOCVD equipment to be well-received.

- Veeco did not see order pull-in for MOCVD reactors in 2Q08, overall large backlog at the start of 2008 did not decrease

- New MOCVD reactor manufacturing entrants such as Applied Materials still are not viewed as strong competitor for Aixtron and Veeco

Daiwa comment:

We are expecting 2009 CAPEX/sales to trend down for Taiwan LED upstream epi/chip suppliers, with incremental MOCVD reactor orders to Aixtron and Veeco to be weaker than expected. The top two LED chip suppliers Epistar (2448 TT, 3) and Formosa Epitaxy (3061 TT, NR) are both negatively impacted by weaker growth of global handset and China handset in 1H08, and are now becoming more conservative in MOCVD reactor booking into 2009. Epistar has indicated they will order lesser MOCVDs next year in comparison to 2007~08 and Formosa Epitaxy has delayed the delivery of 2 MOCVD reactors in the 2H08 until utilization rate start to improve further.

2008年8月11日 下午5:46:00 [GMT+8]
trifire 提到...

紀錄一下，藍寶石商的展望
http://seekingalpha.com/article/88696-rubicon-technology-inc-q2-2008-earnings-call-transcript

http://ledsmagazine.com/news/5/8/12

“Taiwan and Korea are in early stage development for large-diameter LED chip production and therefore remain largely focused on small diameter wafers. The LED markets in Taiwan and Korea have been affected by worldwide macroeconomic conditions, causing reduced rate of growth in cell phone and small display applications.

“Consequently, the rate of growth for LED applications that utilize 2-inch diameter substrates has slowed in the past quarter. Slower than expected growth in Taiwan has increased pressure on pricing for smaller diameter products as customers strive to increase their market share.

“The market in Taiwan and Korea is expected to pick up in 2009 as the demand for displays and general illumination increases and also as the largest display manufacturers such as AUO and Chi Mei enter the LED market and plan to install high volume production,” Parvez concluded in his opening discussion on LEDs.

2008年8月28日 下午6:02:00 [GMT+8]

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