The global LED lighting market is expected to be valued at USD 92.40 Billion by 2022 and is expected to witness a shipment of 14.01 Billion units by 2022, at a CAGR of 13.66% and 21.23%, respectively, between 2016 and 2022. The increasing consumer demand for energy-efficient lighting systems, reduction in prices of LEDs, and high penetration of LEDs as a light source in the general lighting market are expected to drive the growth of this market. The base year considered for this report is 2015, and the market size forecast is provided for the period between 2016 and 2022.
ODM is already good.. Just focus here as the clients are big corporations with established brands and distribution channels. IQ is a very small company.... It needs to sit on the shoulders of the Giants...
OBM is own brand and own designs. Need time to establish branding to gain acceptance from customers. To establish own brand and create brand awareness is very costly and take long time... Need a lot of advertising and promotions... and channels to reach customers...
Management already refocused back to ODM... Hopefully will deliver good results just like FY 16 AND FY 17...
Commentary on future prospect in the 3rd Quarter results in Feb 2018.
Quote "As explained in the previous quarter's Commentary on Prospects, we anticipate that similar performance conditions will remain throughout the remainder of this financial year, i.e. with reduced sales due to some delays in new product launches. However, as previously explained, going forward thereafter we anticipate positive performance as various new product launches roll out in FY18/19. Relationships with our global customer base remain very strong and we are blessed with considerable current and future opportunity from both established and new business relations. As stated in our prior report, the current volume of product development requirements is good from a new business perspective, but challenging from a resource and timing standpoint. However, following the structural changes within IQ's R&D resources we are facilitating an acceleration of our new product development capabilities as we go forward. This FY has proved to be very much a transitional year for IQ, but the future prospects and opportunities are positive from both an ODM and Own Brand perspective and we remain excited about the future." Unquote
be careful with this stock....try to read a few FY report..... there are inconsistencies found.... something is hidden... will only consider this company if the price is really low due to high risks...
People are not bother about lost making as long as the price can shoot up, they follow . Fried kueyteow is better than none but remember with risks. The last person to lose big don't know who lah..... whack first .
Now stocks up not solely based on fundermentals. The frier who started the API and many will follow suit . Semua mau cepat Kaya...... where got patient to wait for old man stocks......may naik pun susah turun tak kuat...... hahaha !!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cy91
397 posts
Posted by cy91 > 2018-02-28 16:16 | Report Abuse
next quarter estimate same result. better run fast