[Featured Stock] Jahwa Electronics Rises 20% on New Camera Module Parts Facility Investment

[Asia Economy Reporter Myunghwan Lee] Jahwa Electronics is rising more than 20% in early trading on the 14th following news of a large-scale new facility investment.

As of 10:18 AM on the same day, Jahwa Electronics is trading at 29,500 KRW, up 22.15% (5,350 KRW) from the previous trading day.

This is interpreted as a result of Jahwa Electronics' decision to invest in new facilities. The day before, Jahwa Electronics announced that it would proceed with a new facility investment worth 191 billion KRW in its camera module parts business. This amount corresponds to 63.9% of its equity capital, and the investment period is until March 31 of next year.

Jahwa Electronics explained the purpose of the new investment as "securing business competitiveness and acquiring capacity for new models."

Hyungwoo Park, a researcher at Shinhan Financial Investment, commented on Jahwa Electronics' new investment decision, saying, "Supply of parts to global clients is expected," and added, "In the global market, companies with autofocus (AFA) technology for camera modules comparable to Jahwa Electronics are only Japan's ALPS and Samsung Electronics."

He also predicted, "Considering that securing a clean room at the domestic factory is imminent and that a sample line will be set up within the first half of the year, the possibility of supply is very high."