[Featured Stock] 'Expected Profit Growth' Innoxt Advanced Materials Up 4.19%

The stock price of Inox Advanced Materials is on the rise. As of 1:58 PM on the 2nd, Inox Advanced Materials was trading at 28,600 KRW, up 1,150 KRW (4.19%) compared to the previous trading day. The stock price, which had been in a downward trend recently, is currently breaking above the 5-day moving average line.

On this day, NH Investment & Securities analyst Lee Gyu-ha maintained a buy rating on Inox Advanced Materials, stating, "Recovery in customer volume and market share is expected." He added, "With the acquisition of new TV clients this year, shipments of large organic light-emitting diode (OLED) panels are expected to increase by 26.5% compared to the previous year," and "Market share within customers is also expected to improve in the first half of the year."

The analyst said, "From a mid- to long-term perspective, buying at low prices is effective," and noted, "The price-to-earnings ratio (PER) based on this year's earnings per share is 11.4 times. Historically, the valuation (stock price level relative to corporate value) is at the lower end." He added, "Once revenue diversification and visibility of first-quarter earnings improvement increase, the stock price recovery will accelerate," and "From a performance standpoint, the fourth quarter of last year was the bottom, and a recovery trend is expected throughout this year, making it an attractive period."