[Click eStock] "Jahwa Electronics, Walking with Apple... Re-entering High Growth Phase"

[Asia Economy Reporter Jang Hyowon] Daishin Securities on the 4th presented a target price of 33,000 KRW for Jahwa Electronics, expecting high growth as it is anticipated to supply smartphone components to Apple this year.

Park Kangho, a researcher at Daishin Securities, stated in a report on the same day, "Apple is expected to apply a folded (periscope) camera capable of high-magnification zoom to its premium smartphones with camera differentiation," and "the core optical image stabilization (OIS) components are estimated to be supplied by Jahwa Electronics and LG Innotek."

If one model this year and two models in 2024 apply the folded camera, Jahwa Electronics' total sales are expected to increase by 65.1% year-on-year to 472.6 billion KRW this year and grow 71.7% to 811.4 billion KRW in 2024, setting a record high performance.

Additionally, Researcher Park analyzed, "By securing strategic customers Samsung Electronics and Apple simultaneously, and with the market expansion of folded cameras capable of high-magnification zoom, sales to China will gradually increase," and "reflecting the benefits of new Apple supply this year and the expansion of the folded camera market, we maintain our top pick."