[Asia Economy Reporter Hyunseok Yoo] KoAsia is showing strong performance. Securities firms' analysis, which expects earnings growth as the company secured multiple turnkey projects this year, appears to have influenced this trend. The target price was set at 16,000 KRW.
As of 9:47 AM on the 22nd, KoAsia was trading at 12,350 KRW, up 8.33% (950 KRW) compared to the previous trading day.
Researcher Hyungmo Yang of DS Investment & Securities cited ▲ semiconductor super boom, ▲ KoAsia DSP alliance, ▲ Asia network through KoAsia Electronics, and ▲ technology verification through project execution for four of the top 10 companies in the US as the background for turnkey project orders.
He explained, "The industry is currently in a super boom period, and since KoAsia has built references and its technology has been verified, it is expected to inevitably secure multiple turnkey projects."
He also expected profit growth. He stated, "An integrated core chip for electronic cigarettes is expected to have a prototype released in March and mass production in June this year," adding, "With government policies supporting the industry boom and profit growth, the stock price will be re-rated."
KoAsia was selected as an official DSP for Samsung Foundry through its subsidiary KoAsia Semi in April last year.
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