[Featured Stock] 'Earnings Improvement Expected' Rino Gong-Op, Up 9.63% Early in Trading

Rino Industrial, a manufacturer of semiconductor inspection equipment, started strong on the 3rd amid expectations of improved performance.

As of 9:07 a.m. that day, Rino Industrial was trading at 284,500 KRW, up 25,000 KRW (9.63%) from the previous trading day.

Rino Industrial Headquarters in Mium Industrial Complex, Gangseo-gu, Busan. The factory within the building is equipped with a system that can handle product design, precision machining, and assembly processes all at once.
[Photo by Rino Industrial]

On the same day, Lim So-jeong, a researcher at Eugene Investment & Securities, said, "First-quarter earnings are expected to be 54.7 billion KRW in sales and 23.1 billion KRW in operating profit. The operating profit margin (OPM) is projected to be in the mid-40% range," adding, "Following the fourth quarter, sales of sockets for research and development (R&D) at new application sites have occurred, leading to improved performance compared to the same period last year."

He added, "With overwhelming miniaturization technology, the company will continue to explore new growth opportunities across memory and logic semiconductors, front-end and back-end processes, semiconductor chips, and semiconductor substrates. Although there is typically demand for testing new high value-added chip products, it is not comprehensive; however, as production volume increases and competition among manufacturers to secure yield intensifies, global main tech companies' demand for Rino Industrial's Rinopin and sockets is expected to grow."