BoCom International will cover 00515-HK for the first time, with a target price of HK $3.09 and a buy rating on the company. BoCom expects that the company's LED street lighting business will generate net profits of HK$11m, HK$40m and HK$65m in the next three years, which will become the company's main source of profit, with a substantial increase in profitability and an inflection point in performance.

BoCom said that the company is committed to the development of LED street lighting business, high-power LED lighting has a high-quality technology reserve, give full play to the synergy of technology, market and platform, and create a market leader in high-power LED street lighting. The company already has a considerable number of existing orders, and it is expected that the LED street lamp business will generate HK$100m and HK$300m sales revenue in 2H10 and FY11 respectively.

Daijin Jingdian rose 10.05 per cent to HK $2.30 yesterday.