[Asia Economy Reporter Ji Yeon-jin] Semiconductor parts manufacturer Taipax is showing a sharp rise on the 8th as double-digit performance growth is expected this year.
As of 10:03 AM on the day, Taipax is trading at 72,600 KRW, up 12.36% (8,000 KRW) compared to the previous day.
Taipax is a subsidiary of Hansol Chemical, a supplier of semiconductor process materials. Its main products are tapes and Unilab for electronic materials, as well as merchandise and consumer goods. The company announced yesterday that its sales last year were 154.6 billion KRW, operating profit was 21.7 billion KRW, and net profit was 19.3 billion KRW. These figures represent increases of 30.2%, 56.5%, and 39.2% respectively compared to the previous year.
Earlier, Hana Financial Investment forecasted double-digit growth for the company this year following last year's double-digit performance.
Taipax is a subsidiary of Hansol Chemical, a supplier of semiconductor process materials. Its main products are tapes and Unilab for electronic materials, as well as merchandise and consumer goods. The company announced yesterday that its sales last year were 154.6 billion KRW, operating profit was 21.7 billion KRW, and net profit was 19.3 billion KRW. These figures represent increases of 30.2%, 56.5%, and 39.2% respectively compared to the previous year.
Kim Kyung-min, a researcher at Hana Financial Investment, said, "Taipax's stock price has been sluggish since November 2021, but last year's performance showed double-digit growth, meeting expectations, and double-digit growth is expected this year as well. The reason for the sluggish stock price is believed to be the decline in the stock price of its parent company, Hansol Chemical. Considering that there is almost no correlation with the main business, such a stock price decline is excessive."
Researcher Kim emphasized, "Considering that half of the sales come from tapes for secondary batteries, the market capitalization of 305.2 billion KRW compared to the estimated net profit of 26.7 billion KRW this year results in a price-earnings ratio (PER) of 11.4 times, which is excessively undervalued."
Taipax's sales, operating profit, and net profit this year are expected to increase by 32.2%, 46.0%, and 38.7% compared to the previous year, reaching 204.4 billion KRW, 31.6 billion KRW, and 26.7 billion KRW respectively. The tape for secondary batteries is also expected to drive sales growth this year.
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