Real Bright half a 15.65%dbs rise rating to hold

The company announced the introduction of China's environmental Fund to stimulate the second largest shareholder, real Neon (01868-HK) rose 15.65%, reported 2.66 Hong Kong dollars, a deal of HK $41.6073 million, the stock market in the early run to win the big city, the index rose 1.59%.　　The company had previously announced the introduction of the China Environment Fund as the second largest shareholder, issuing 96.7 million new shares to it at HK $2.40 a share (11.3% of the enlarged share capital), and a fund of HK $232 million to be used for the provision of sustained capital expenditure and general operating capital. DBS only raised its rating from holding to buy, raising its target price from HK $2.70 to HK $2.85. The main attraction of the real-Ming is its led wafer business. The bank said the real-Ming management believes that the demand for LED chips will be very strong because the backlight of the LCD TV panel is moving from the cold cathode lamp to the light-emitting bipolar (LED). Added that the use of LED backlight LCD TV panel will be an explosive growth, is expected to reach 90 million units in 2013, 08 years only 400,000, so that led chip demand will also jump up sharply.