[Click eStock] "Hana Materials, Second Half Earnings Improvement... Expectation of 'Stock Price Uptrend'"

Shinhan Investment Corp. forecasted on the 14th that Hanamaterials' performance will improve significantly in the second half of the year, leading to an upward trend in its stock price. The investment rating 'Buy' and the target price of 67,000 KRW were maintained.

Oh Kang-ho, a researcher at Shinhan Investment Corp., stated, "The second half of this year is a period where IT demand improves, leading to increased operating rates and subsequent demand for materials and components." He added, "Operating profit rose from 4.9 billion KRW in Q4 last year to 6.2 billion KRW in Q1 this year, and it is expected to rebound stepwise through the second half."

He continued, "Demand for components will increase due to new product launches by client companies, and NAND demand is also expected to improve." He further said, "Additionally, product upgrades have secured mid- to long-term growth drivers." He added, "Amid the ongoing stock rally of semiconductor materials and parts companies, securing client references is positive," and "Given the high value-added nature of silicon carbide (SiC) products, a valuation premium is justified."