[Click eStock] "BMT, Semiconductor Market Recovery and Green Ship Benefits Expected"

Daishin Securities analyzed on the 28th that BM Tech is expected to benefit from the semiconductor market conditions and the increase in eco-friendly ships. The investment opinion 'Buy' and the target price of 18,000 KRW were maintained.

BM Tech recorded sales of 39.9 billion KRW and an operating profit of 1.02 billion KRW in the fourth quarter of last year. Sales decreased by 2.7% compared to the same period last year, but operating profit increased by 66.8%. Jeongwoon Park, a researcher at Daishin Securities, explained, "Sales, which were sluggish due to a decrease in operating days, recovered in the fourth quarter," adding, "The reason for the operating profit decline was due to a 2 billion KRW loss provision for inventory assets, 1 billion KRW in headquarters relocation costs, and expenses related to yield improvement after the move."

Daishin Securities expects BM Tech to benefit from the recovery of the semiconductor market and the increase in eco-friendly ships. He explained, "About 55% of BM Tech's sales are heavily weighted towards semiconductors," and added, "Qual tests are being conducted for domestic and overseas equipment companies, and sales to semiconductor equipment companies and the recovery of the semiconductor market are expected to bring benefits."

He emphasized, "BM Tech has a track record of supplying ultra-low temperature valves for LNG ships," and stated, "Based on the track record of supplying ultra-low temperature valves, sales are expected to occur for eco-friendly carriers such as methanol and ammonia propulsion ships."