JOLLY PROSPECTS:The Christmas season is expected to improve the shipments of Everlight’s backlight units and LED flashes to the European and US markets

Taipei Times
Date: Jul 18, 2016
By: Lauly Li / Staff reporter

Everlight Electronics Co (億光) and Epistar Corp (晶電) are expected to perform better in the second half of this year, driven by improving demand for LED lighting products and infrared applications, analysts said.

“We estimate Everlight will see 10 percent annual growth in revenue in the second half of this year, as all of its product lines are seeing better demand from a year ago,” Credit Suisse Group AG analyst Derrick Yang (楊泓極) said in a note on Wednesday last week.

Yang’s forecast came after Everlight, the nation’s leading LED chip packager and lighting products provider, reported annual growth of 1.13 percent in its second-quarter revenue to NT$7.13 billion (US$222.88 million).

On a quarterly basis, revenue climbed 2.58 percent from the previous quarter’s NT$6.96 billion, according to the company’s filing with the Taiwan Stock Exchange.     [FULL  STORY]