CITIC Securities: LED industry has entered the beginning of the big boom cycle

On December 16, CITIC Securities pointed out that the LED industry is not weak in the off-season and enters the layout. CITIC Securities' recent tracking of the LED sector showed that the industry's chip and package prices declined only slightly in the fourth quarter, and the degree of prosperity was much better than in previous years, confirming CITIC Securities' earlier judgment that the LED industry was not weak in the fourth quarter.

CITIC Securities reiterated that the LED industry has entered the point of view of the beginning of the big boom cycle, and it is recommended to focus on the LED upstream chip industry that has completed supply contraction.

CITIC Securities said that the growth of individual stocks in the electronics industry has begun to divergence, and the current high valuation risk has begun to be released. CITIC Securities maintains the core growth stocks callback is the industry strategy view of the opportunity to intervene. The core combination of CITIC Securities is still Xuxu Electronics, Jufei Optoelectronics, Goer Acoustics, Lixun Precision and so on.

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