[Click eStock] "Comico, Benefiting from Semiconductor Market Recovery"

Daishin Securities forecasted on the 2nd that Comico's performance will improve as the operating rate of memory semiconductors recovers. They newly issued a 'Buy' investment rating and set a target price of 95,000 KRW.

Shin Seok-hwan, a researcher at Daishin Securities, explained, "We estimate that Comico will achieve sales of 452 billion KRW and an operating profit of 87 billion KRW this year," adding, "which represents an increase of 50% and 163%, respectively, compared to last year."

He continued, "Mico Ceramics' main product, the ALD ceramic heater, has seen an increasing number of orders since the beginning of the year," and added, "Demand for ALD equipment is rising due to the transition in DRAM processes." Furthermore, he emphasized, "The replacement cycle for ALD ceramic heaters is shortening, leading to an increase in supply," and "Customer order volumes are growing at the domestic Anseong plant and the Wuxi plant in China."

Researcher Shin analyzed, "The semiconductor companies' intensive production cut policies are in the final stages," and "From the second quarter, as operating rates rise, demand for cleaning and coating will increase."