ࡁտშ৭Ĉhttp://research.kgi.com 1 ৌځᚊ!(01868.HK/1868 HK, ᆧ) 2010ѐ7͡13͟ ੈिෞژ ࢶപ 1ౘᇇ 2 852.2878.4270 3 desmond.chan@kgia.com ̳Φໄڶ O ৌځᚊࠎБ̂྅ّځᇄથĂБξҫ྿40-50%Ą2008ѐͽֽĂ̳ΦฟؕϠயమLEDځயݡĂᚥ2009ѐЋຽᒉќ྿62%Ąৌځᚊ̝ۡݬፋЪஉᄏ˯ഫLEDͯᄦౄᄃ˭ഫЋຽֻᑕĄ ܑྤफ़ٽΣ N ќሹᆊ7͡12͟ (പ̮) 52ฉ۵ᆊ (Ҳ/)Ĉ ξࣃĈȈᆆപ̮/Ѻ༱ܛ࡚ ߹఼дγ۵ᇴ (Ѻ༱۵)Ĉ ̙צ̂۵ڌೠଠ (%)Ĉ ڌ۵ࢋ (%)Ĉ Fan Ben 3MπӮјΣณ (Ѻ༱۵)Ĉ ۵ᆊܑன (3,6,12M) (%) னܑ၆࠹ (3,6,12M) (%) 4.34 2.20-6.80 3.9/512 915.6 59.9 39.8 4.2 -7.5, -20, 98 -9.4, -13. 76 ΥШྋგநᆸࢦ!!!ੈिࢋࢦ2010ѐ7͡12͟ৌځᚊކοഅܛᒫᙜΝ̳ΦࢵयેҖء̝ᖚĂአЇะဥೳэ̳̄ΦܜְĂТॡะဥयࣘેҖְሂ֣σᒔ؎ЇࠎາЇࢵयેҖءĄ !ෞኢ̶̈́ژ!ඉரّგநᆸࢦፋពϯ̳Φѣՙ͕൴णLEDᄃځயݡຽચĈܑᚊځৌϯგநᆸࢦፋ৷ოߏඉர҂ณĂ̚അܛᒫАϠϏֽՀڦдLEDͯϠயᄃځຽચ۞გநᄃ൴ण˯Ăߏࢋԓ୕ࣄࢦдࡁ൴ăϠயăዚܜ̖ĂͽҌٺдೳэ/ѯܝгડ۞ˠਔĄԧࣇᄮࠎѩᓝࠤѣຍཌྷĂЯࠎૻ̼ৌᚊдځLEDᄃځயݡ͞ࢬ۞ેҖ˧ᄃዚܑனĂ҃͞ࢬ˫јࠎ̳ΦϏֽˬҌ̣ѐ༊̚۞јܜજਕֽĄგநᆸТॡܑϯࡶѣՀዋЪ۞ˠᏴனĂ̳Φ̙ଵੵདϡາ۞ࢵयેҖءĄ Ըྤޙᛉ!ԧࣇჯග̟̳Φ̝Ķᆧķෞ৺ᄃϫᇾᆊ7.2പ̮Ă࠹༊ٺૄ2011ੑѐᒔӀҤ۞18ࢺĂᄃέ៉LEDТຽ۞Ҥࣃ ̆Ąϫ۵݈ᆊ̪ӛ˧ĂனᆊҤࣃࠎ2011ੑѐξ࠳த10.9ࢺĄԧࣇ࠻рLEDৌࠎᄮ֭ഀĂ݈ડځځᚊ۞ۡݬፋЪຽચሀёឰ̳ΦਕጴᖣҲјώ҃ពצৈٺѩLEDξځಞ̝ࢳĄ Ըྤࢲᐍ!Ğ1ğ ̆ ਠLEDځ۞ξಞႣቤٺഇćĞ2ğLED̝ͯሕдֻග࿅౺ćĞ3ğLEDͯᆊॾϏᎷഇćĞ4ğᕖயࢍ൪ᅍؼĄ ! ࡁտშ৭Ĉhttp://research.kgi.com 2003ѐ10͡3͟ 2 ૄᙋדะဥፂᕇ ̂̚රડ έ៉ ˯ঔ ˯ঔξ΅ᔷྮ317ཱི2502-2504ވ ฎ߆በཱི:200051 எв எвξᘲസડᚗщݑྮ2014ཱིॎຽ̂ሁAळ24D1 ฎ߆በཱི:518008 έΔ 104έΔξځͪྮ700ཱི ྖ 886.2.2181.8888 ็ৌ 886.2.8501.1691 ࢶപ ઼ ࢶപ៉Ϳപ៉Ȉˣཱི̚ᒖᇃಞαȈ ̆ሁ ྖ 852.2878.6888 ็ৌ 852.2878.6800 ત 9th, 23rd, 24th, 25th, 45th floors, United Central Building 323 Silom Rd, Bangkok 10500, Thailand ྖ 66.2.231.1111 ็ৌ 66.2.267.8290 ۵ᆊᄲځ ඈ৺ ཌྷؠ ᆧΐ۵ (OP) ࣎۵ϏֽȈ˟࣎͡۞Ķᗝಡ࿌ķ(Excessive Return) дૄᙋדะဥٙᖸ۞࠹ᙯξಞ(тέ៉)Ч۵̚ଵЩд݈40%Ą ѣ (N) ࣎۵ϏֽȈ˟࣎͡۞Ķᗝಡ࿌ķдૄᙋדะဥٙᖸ۞࠹ᙯξಞ(тέ៉)Ч۵̚ଵЩд݈40%ޢ40%̝มĄ ۵Ҳࢫ (U) ࣎۵ϏֽȈ˟࣎͡۞Ķᗝಡ࿌ķдૄᙋדะဥٙᖸ۞࠹ᙯξಞ(тέ៉)Ч۵̚ଵЩдޢ40%Ą Ϗෞඈ (NR) ૄᙋדะဥϏ၆ྍ࣎۵ΐͽෞඈĄ Ϗෞඈטࢨఢڱצ (R ) צૄᙋדะဥ̰ొ߆ඉ/ྤ۞ԛёֱߙซҖڱะဥדૄᙋֹטࢨ́ ڱᙯ࠹ٕੈΣ߹Ă̚Β߁೩ֻෞඈගԸྤˠણ҂Ą *ᗝಡ࿌ = (Ȉ˟࣎͡ϫᇾᆊ/னᆊ) – 1 ౯ො ̶ژरՏѨࡁۍտಡӘ۞࣎۵ౌົૄᙋדะဥٙᖸ۞࠹ᙯξಞ̚۞࣎۵ಶĶᗝಡ࿌ķ ̆ีซҖͧྵĂޢॲፂͧྵ۞ඕڍ೩၆ྍ࣎۵۞ෞඈĄд̶ژरϏ၆ߙ࣎۵೩າ۞ಡӘ̝݈Ă࣎۵۞ෞඈ̙ົҋજѣٙՀજĄ Һయᓏځ ώಡӘ̝̰टֽ࠰ҋૄᙋדะဥᄮΞ̝ྤफ़ֽĂҭ̙ܲᙋԆፋّ̈́ჟቁّĄಡӘ̰टٙ೩̝̈́Чีຽચăੑચඈ࠹ᙯᑫྤफ़̈́ٙѣ۞ຍ֍̈́Ҥ࠰ૄٺώะဥٺপؠ͟ഇٙઇ̝ҿᕝĂ߇ѣॡड़ّטࢨĂᖾޢࡶѣតՀॡĂώะဥ̙ઇӘٕՀາĄώಡӘ̰टֻ่ણ҂Ă̙֭೩ֻٕྼᄲމ͗ࠎ෴۵ை̝ԸྤֶፂĄԸྤˠᑕᆶຕ҂ณώ̝֗ԸྤࢲᐍĂ֭ಶԸྤඕڍҋҖయĄώะဥٙᛳ̳Φ̝გٕࣶ̍࠰ѣΞਕѣಡӘٙ̚೩̈́۞ᙋדĄώะဥٙᛳ̳Φ֭Ξਕགྷ૱೩ֻԸྤᅙҖٕڇચගಡӘ̚೩̝̳̈́ΦٕШ࠹פۋᙯຽચĄ