Hanyang Securities forecasted on the 17th that PIMS will greatly benefit from structural growth as the automotive organic light-emitting diode (OLED) market expands.
Lee Joon-seok, a researcher at Hanyang Securities, stated in a report on the same day, "The consolidated operating profit for Q2 this year was 3.7 billion KRW, a 129.5% increase compared to the same period last year," and analyzed, "The reason for the strong performance appears to be that 49.24% of sales were generated from Chinese global display panel manufacturers due to China's reopening."
Researcher Lee explained, "The steady increase in sales and the decrease in selling and administrative expenses ratio can be seen as the effect of last year's new factory expansion," adding, "In the second half of this year and next year, investments in 8.6-generation IT OLED by client companies are also anticipated, providing sufficient grounds for mid- to long-term performance growth."
He also said, "In the coming years, OLED investments by client companies are inevitable, and not only for IT use but also due to the growth of the autonomous driving market, automotive OLED will also expand," and forecasted, "PIMS, which possesses excellent OLED metal mask technology and various references with Chinese and domestic clients, will greatly benefit from the structural growth and expansion of the OLED market."
Furthermore, he predicted, "PIMS is expected to record consolidated sales of 110.9 billion KRW and operating profit of 10.5 billion KRW this year, representing increases of 32.3% and 837.9% respectively compared to the previous year," and anticipated, "With overwhelming technological capabilities compared to competitors amid the growth of the upstream industry, it will achieve mid- to long-term growth."
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