[Click eStock] "Jahwa Electronics Expected to Exceed Q1 Operating Profit Forecast"

Daishin Securities forecasted on the 8th that Jahwa Electronics' operating profit for the first quarter of this year will exceed expectations.

Park Kang-ho, a researcher at Daishin Securities, stated in a report on the same day, "Sales and operating profit for the first quarter of this year are expected to be 167.6 billion KRW and 14.1 billion KRW respectively, representing a 76.6% increase and a turnaround to profit compared to the same period last year," adding, "This surpasses the estimates by 4.3% and 48.6%, respectively."

He added, "Securing multiple global clients has been reaffirmed as a competitive advantage. Although North American clients are sluggish, actuator sales to Samsung Electronics and the Greater China region are expected to exceed forecasts," and predicted, "In the third quarter, high growth is anticipated due to the launch of new models for North American strategic clients and an increase in models adopting OIS."

He also expected, "Operating profit in the second half of the year will increase by 251% compared to the first half, driven by the launch of premium smartphones from Samsung Electronics and Chinese companies."