[Click eStock] "Zeus, Excessively Undervalued Zone"

Ebest Investment & Securities analyzed on the 6th that Zeus has entered an excessively undervalued range. They maintained a 'Buy' investment rating and a target price of 28,000 KRW.

Researcher Cha Yong-ho of Ebest Investment & Securities stated, "Zeus is estimated to achieve sales of 580.4 billion KRW and operating profit of 64.1 billion KRW this year," adding, "which represents an increase of 44% and 839%, respectively, compared to last year."

He continued, "Last year's fourth-quarter performance fell short of expectations," and added, "There is no significant change in demand for AVP-oriented cleaning equipment and batch-type equipment for China, which are this year's investment points."

Furthermore, he emphasized, "From the first quarter of this year, some AVP-oriented equipment has begun to be recognized, leading to a clear improvement in profitability," and "The annual contribution of AVP-oriented cleaning equipment performance is expected to exceed 100 billion KRW this year."

Researcher Cha analyzed, "There are concerns that recent U.S. semiconductor equipment export restrictions on China may expand to Korean companies," but also noted, "The sales proportion to China of U.S. and Japanese companies selling leading-edge manufacturing equipment is increasing."