[Click eStock] "Intecplus, Expected Record High Performance This Year"

Yuanta Securities analyzed on the 26th that Intecplus is expected to achieve record-high performance this year. No investment opinion or target price was provided.

Intecplus is a company that manufactures 2D and 3D visual inspection equipment by acquiring, analyzing, and processing image data using machine vision technology. Yuanta Securities assessed that Intecplus is fully prepared for growth.

Kwon Myung-jun, a researcher at Yuanta Securities, said, "For sales growth, various conditions such as funding, production capacity (CAPA), new product development, and securing new customers must be in place," adding, "Intecplus expanded its production capacity through capital expenditures (CAPEX) in 2021?2022." He continued, "Inspection equipment has different timing between order receipt and revenue recognition, requiring liquidity funding, and Intecplus prepared for this by issuing convertible bonds worth 20 billion KRW in the fourth quarter of last year."

He explained, "Global semiconductor companies plan to continuously expand stacked packaging methods," and added, "Intecplus possesses comparative advantage technologies related to high-speed and large-area inspection compared to competitors." He further noted, "In other words, competitiveness can be highlighted as the stacked packaging trend expands."

In particular, record-high performance is expected this year. He emphasized, "Looking at the order backlog trend, the backlog continues to exceed that of 2021?2022, when the highest sales occurred," and added, "New customers are continuously being secured, and with the expansion of stacked packaging, Intecplus's competitiveness can be highlighted." He stressed, "With CAPA expansion and convertible bond issuance securing operating funds, factors are in place for record-high performance this year."