[Click eStock] "JNTC, Increase in Cover Glass Supply Volume"

ResearchAlum forecasted on the 24th that JNTC's performance will improve as the order volume for cover glass increases. The target price was set at 14,500 KRW.

Founded in 1996, JNTC is a manufacturer of cover glass and connectors. Cover glass, a type of tempered glass, plays a role in enhancing display clarity and shock absorption. Connectors link two or more components with different functions within electronic parts into a single function. One advantage of connectors is that product performance can be improved by replacing some parts within the product. They mainly produce waterproof connectors for smartphones.

Researcher Woo Hwirang of ResearchAlum explained, "The technology of cover glass is evolving," adding, "We were the first in the world to develop 3D (curved) cover glass for smartphones, keyless cover glass for smartphones, and integrated 3D cover glass for vehicles." He continued, "We are producing various products such as display and camera windows for smartphones, displays for smartwatches, and displays for vehicles."

Researcher Woo said, "The smartphone cover glass is supplied to the final customer Huawei through Chinese display panel companies," and predicted, "Huawei's smartphone shipments will increase from 40 million units this year to 70 million units next year."

He explained, "Vehicle cover glass is applied to the 'dashboard,' which displays alarms such as speedometer and vehicle malfunction information, and the 'center fascia,' a control board that operates air conditioning and audio between the driver and passenger seats." He added, "Market research firm Omdia forecasts the vehicle display market size to grow from $8.86 billion in 2022 to $12.63 billion in 2027, with an average annual growth rate of 7.8%."

ResearchAlum estimated that JNTC will achieve sales of 337.5 billion KRW and operating profit of 37.4 billion KRW this year. Sales are expected to increase by 109.2% compared to last year, and operating profit is expected to turn positive.