Gelonghui, May 31 | Guosheng Securities Research Report pointed out that Zhaochi Co., Ltd. (002429.SZ) is a leading TV ODM leader, benefiting from Walmart's acquisition of Vizio, catalytic sports events, and panel price increases, which is expected to reach an inflection point. Competitive barriers have been established throughout the LED industry chain, benefiting from the growth in demand for downstream direct display & back-display, which is expected to increase. COB technology has broken through yield in LED packaging, and penetration rate has increased rapidly in small-pitch applications; application-side lighting accounts for the largest proportion, contributing the biggest increase in the display field. We believe that the basic ODM market for Zhaochi TV is stable, and the continuous deepening of LED vertical integration capabilities will open up room for long-term growth. The first coverage gives an “gain” rating.
研报掘金丨国盛证券：首予兆驰股份“增持”评级，体育赛事催化及面板涨价有望迎来拐点
Research Report Nuggets丨Guosheng Securities: The first to “increase” the rating of Zhaochi shares, catalytic sports events and panel price increases are expected to reach an inflection point
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