[Click eStock] "Jahwa Electronics, Expected Record High Performance This Year... Target Price Up"

Daishin Securities forecasted on the 19th that Jahwa Electronics will achieve record-high performance this year. They maintained a 'Buy' investment rating and raised the target stock price from 36,000 KRW to 40,000 KRW.

Jahwa Electronics' sales in the fourth quarter of last year increased by 156% year-on-year to 217.9 billion KRW, and operating profit turned positive to 33.3 billion KRW during the same period. Sales met the market expectation of 215.8 billion KRW, and operating profit significantly exceeded the market expectation of 20.3 billion KRW.

Park Kang-ho, a researcher at Daishin Securities, explained, "Sales of the optical image stabilization (OIS) actuators for North American customers increased, and supplies for the Galaxy S24 and the Chinese market rose simultaneously."

Researcher Park projected Jahwa Electronics' sales and operating profit this year to be 839.4 billion KRW and 70.5 billion KRW, respectively. Sales are expected to increase by 66.7% year-on-year, and operating profit is expected to turn positive.

He added, "The number of supply models for North American customers has increased to two, entering a growth phase due to volume expansion," and "smartphone differentiation is shifting from increasing pixel count to high-magnification zoom with folded zoom cameras and OIS, which is expected to benefit Jahwa Electronics."