[Asia Economy Reporter Hyunseok Yoo] SPOLYTECH is showing strong performance. It appears that securities firms' analysis expecting the highest-ever performance this year has influenced this trend.
As of 10:19 AM on the 4th, SPOLYTECH was trading at 6,120 KRW, up 3.03% (180 KRW) compared to the previous trading day.
SPOLYTECH is expected to achieve record-high performance this year following the normalization of its engineering plastics business and approximately 70% recovery in sheet and film sales, continuing the performance normalization seen in the second quarter. Additionally, the company's Glasstic, specialized for 5G communication environments sensitive to frequency interference, is increasingly being adopted for smartphone rear cases. This is expected to drive significant growth and profitability improvement in the company's 5G smartphone cover composite panels (PC+PMMA).
KB Securities analyst Sangguk Lim explained, "The growth potential of high-margin new products such as light guide plates for Samsung Electronics' 8K QLED TVs and polycarbonate films for security applications (used in resident registration cards, electronic passports, etc.) is very promising," adding, "Orders for virus-blocking partition sheets and face shield films related to COVID-19 are also continuing." He further stated, "Following the normalization of second-quarter performance, record-high results are expected in 2020."
Founded in 1999, SPOLYTECH is the leading domestic company in the engineering plastics market, operating in engineering plastics and optical sheet and film businesses such as LCD and LED light guide plates. Engineering plastics are high-performance plastics that can replace metals and are used across industries including automotive, while light guide plates are key components supplying light to backlights and have recently been installed in 8K QLED TVs.
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