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[Alpha Biz=(Chicago) Reporter Paul Lee] NH Investment & Securities analyzed Duk San Neolux on the 21st that the value of global organic light emitting diode (OLED) will fall due to slowing sales of smartphones in North America, but its performance will improve on the back of Samsung Electronics' strong sales of smartphones.
He lowered the target stock price from 62,000 won to 55,000 won and suggested an investment opinion 'buy'. The closing price of Deoksan Neolux the previous trading day is 37,650 won.
NH Investment & Securities recently diagnosed that Duk San Neolux's stock price has been on the decline due to slowing sales of customers in North America, a possible decrease in the volume of the iPad Pro, and preference for undervalued stocks.
NH Investment & Securities explained, "Considering the decline in global OLED value, we lowered the target price return ratio (PER) to 30.5 times from the previous 35 times and lowered the target stock price."
NH Investment & Securities predicts that Duk San Neolux sales in the fourth quarter of last year will fall 4.89% from the previous quarter to KRW 44.7 billion and operating profit will be KRW 10.2 billion, down 16.39% from the previous quarter. The fourth-quarter earnings are in line with the stock market consensus (market forecast).
NH Investment & Securities raised Duk San Neolux's sales and operating profit this year by 13.5% and 6.1%, respectively, reflecting the strong sales of Samsung Electronics' Galaxy S24 series and Galaxy A series. The researcher predicted, "Considering that the profit margin is conservatively assumed, the additional earnings increase is expected to be high."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
