[Click eStock] "NeonTech, Earnings Recovery Expected with Increased Semiconductor and Display Investments"

[Asia Economy Reporter Hyunseok Yoo] KTB Investment & Securities analyzed on the 8th that Neontec's equipment sales performance will recover due to increased investments by display and semiconductor companies. No investment opinion or target price was provided.

Jae-yoon Kim, a researcher at KTB Investment & Securities, explained, "With increased investments by display and semiconductor companies, which are the front industries this year, Neontec's major display and semiconductor cutting equipment sales performance is expected to recover. In 2021, not only sales growth but also operating profit improvement is anticipated."

He also expected results in the drone business. He emphasized, "Since entering the drone business in 2015, the company has accumulated related technological capabilities by participating in various government national projects. Currently, it operates industrial drone manufacturing businesses in four fields: defense, firefighting, logistics, and pest control. Sales are expected to occur and benefits are anticipated according to government policies that have been activated since this year."