[Featured Stock] KC Rises on Expectations of Benefits from Expanded Semiconductor Investment

[Asia Economy Reporter Hyungsoo Park] KC's stock price is showing strength. Expectations of benefits from expanded semiconductor investments this year appear to be influencing the stock price.

At 10:33 AM on the 11th, KC's stock price was trading at 17,400 KRW, up 9.43% compared to the previous trading day.

KC is a semiconductor and display equipment company. In 2017, through a spin-off, the semiconductor wafer polishing equipment business was separated into KC Tech. KC now operates as a business holding company responsible for gas supply equipment, chemical supply equipment, and managing subsidiaries.

Researcher Jaeyoung Lee from Research Alme said, "The semiconductor oversupply situation, which was a major cause of recent price declines, is rapidly resolving," and added, "We expect Samsung Electronics and SK Hynix to expand new investments due to the improvement in the semiconductor market this year."

Most semiconductor equipment applied to new factory expansions requires a production period of 3 to 7 months or more. It is expected that domestic equipment companies will benefit first.

Researcher Lee also stated, "As of last year on an individual basis, KC holds cash equivalents of about 130 billion KRW," and "It also holds listed company shares worth approximately 270 billion KRW, exceeding its market capitalization of 215.5 billion KRW."