[Click eStock] "Hansol Chemical, Record High Earnings Expected in Q3"

[Asia Economy Reporter Park Jihwan] KB Securities maintained its 'Buy' rating and target price of 210,000 KRW for Hansol Chemical, expecting the company to achieve its highest-ever performance in the third quarter of this year.

Hwang Goun, a researcher at KB Securities, stated, "Regarding Hansol Chemical, the profit share from electric vehicle (EV) materials is expected to double from 6.7% this year to 15.3% next year due to increased supply to Tesla, BMW, and others."

He also forecasted that quantum dot (QD) materials will continue to be applied in Samsung's next-generation TVs over the next five years. Additionally, sales of hydrogen peroxide for non-memory applications to companies such as TSMC and Samsung Electronics are expected to begin in earnest from the third quarter.

Researcher Hwang estimated, "Third-quarter sales and operating profit are projected to increase by 5% and 33% year-on-year to 162.1 billion KRW and 46.1 billion KRW, respectively," anticipating record-high performance.

He added, "The visibility of achieving an annual operating profit of 200 billion KRW next year is expanding," and predicted, "From this year, Hansol Chemical's profit structure will diversify from being centered on hydrogen peroxide to new materials (quantum dots, EV materials), with the profit share from new materials increasing 2.5 times from 16% in 2018 to 41% in 2021."