[Featured Stock] PNT Rises 6.8% on Expectations of Full-Scale Revenue Recognition

The stock price of PNT, a battery equipment company expected to begin full-scale revenue recognition, is showing strong performance. As of 3:19 PM on the 5th, PNT is trading at 44,000 KRW, up 2,800 KRW (6.80%) compared to the previous trading day.

Securities company app, stock trading scene. Photo by Hyunmin Kim kimhyun81@

On the same day, Junseo Park, a researcher at Mirae Asset Securities, stated, "PNT's sales and operating profit for this year are expected to be 1.0627 trillion KRW and 164 billion KRW, respectively. This represents an increase of 94.8% and 108.5% compared to last year." He analyzed, "The issue of delayed revenue recognition that existed until the fourth quarter of last year is being resolved."

He added, "With conservative revenue recognition and COVID-19 related logistics delays being resolved, full-scale revenue recognition will take place," and forecasted, "High growth potential will continue along with margin improvement."

Furthermore, researcher Park said, "Due to the power struggle between Original Equipment Manufacturer (OEM) companies and cell manufacturers, battery equipment companies will benefit," adding, "As OEM companies establish their own battery production lines, significant opportunities will arise for equipment companies."