[Asia Economy Reporter Hyungsoo Park] DS Investment & Securities expects KoAsia to secure more than 10 projects this year. The firm maintained a 'Buy' rating and a target price of 16,000 KRW.
Yang Hyungmo, a researcher at DS Investment & Securities, explained, "We estimate that KoAsia will secure more than five turnkey projects this year," adding, "The industries include 5G, smartphones, cloud, OLED, Auto & ADAS."
He continued, "We expect to secure more than 10 NRE projects," noting, "The industries include automotive ADAS SoC, CIS, 5G networks, ARM, and data centers."
Furthermore, he emphasized, "KoAsia's CEO is a former Samsung Electronics system semiconductor executive, and the vice president, executive director, and managing director are all from Samsung Electronics Foundry," adding, "Key personnel collaborate with Samsung Electronics subsidiaries in various countries to target companies requiring system semiconductors."
He added, "KoAsia has formed an alliance securing about 600 engineers by the end of the year, strengthening its sales capabilities based on this," and "It utilizes the Asian distribution channels, customers, and sales networks of its subsidiary, KoAsia Electronics."
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