BH's stock price is on the rise. Expectations for the upcoming North American customer's foldable launch and the expansion of product lines applying organic light-emitting diode (OLED) technology appear to be influencing the stock price.
As of 9:36 AM on the 3rd, BH is trading at 20,050 KRW, up 13.66% compared to the previous trading day.
Researcher Yang Seung-su of Meritz Securities stated, "The reason why the first quarter operating profit met market expectations is that BH EVS (vehicle wireless charging module business) demonstrated relatively favorable profitability," adding, "With the removal of one-time costs reflected until last year and the effect of production internalization through subsidiaries, favorable profitability is expected to continue going forward."
Operating profit for the second quarter is also expected to exceed market expectations. Researcher Yang explained, "Shipments for new models will begin in May," and "Additionally, an increase in shipments for some legacy models has been observed as of the second quarter."
There is growing anticipation that generative artificial intelligence (AI) will be incorporated into the new products of North American customers this year. Researcher Yang added, "In the mid to long term, benefits are expected from the expansion of IT OLED-applied product lines next year and the upcoming foldable launch for North American customers," emphasizing, "This is a point where both short-term and mid to long-term growth stories are established, making it highly attractive for investment."
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