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NH Investment Securities |
[Alpha Biz= Paul Lee] NH Investment & Securities upgraded the target price for Wonik IPS, a semiconductor and display equipment company, to 33,000 KRW from 30,000 KRW on Thursday.
The closing price of Wonik IPS on the previous day was 26,350 KRW.
In a report released on the same day, NH Investment & Securities stated, "Investments in semiconductor process transitions are steadily increasing, and these investments are now utilizing more equipment, which is driving higher revenue per unit. This trend appears favorable for Wonik IPS, which has supplied a significant amount of equipment to existing production lines."
The firm noted concerns about global equipment suppliers' sales in China due to recent sanctions but emphasized that Wonik IPS has a relatively small exposure to the Chinese market. "We conservatively estimated that China's semiconductor sales will account for a low single-digit percentage of the company's total sales this year," the report added.
Regarding the company’s earnings forecast, NH Investment & Securities projected that Wonik IPS's first-quarter performance would mark the "bottom" point of the year, with growth expected thereafter. The firm expects the company’s full-year revenue to increase by 22.2% year-on-year, reaching 914.6 billion KRW.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
