[Featured Stock] BH Rises on Strong Performance Expectations Driven by iPhone

BH, a mobile phone parts manufacturer, is showing an early upward trend on expectations of strong performance driven by the iPhone.

As of 9:55 a.m. on the 18th, BH is trading at 24,300 KRW on the KOSPI, up 950 KRW (4.07%) from the previous close.

The stock price started at 24,200 KRW and has maintained a steady upward trend. Trading volume is around 790,000 shares, with a trading value of 19.1 billion KRW.

Daishin Securities forecasted that BH will show mid- to long-term strong performance due to expanded sales of Kyungsung printed circuit boards (PCBs).

BH's consolidated sales and operating profit for the second quarter of this year are expected to exceed market expectations, increasing by 36.5% and 137.6% year-on-year to 416.7 billion KRW and 23.1 billion KRW, respectively.

For this year, consolidated sales and operating profit are projected to rise by 14.6% and 49.8% year-on-year to 1.83 trillion KRW and 120.8 billion KRW, respectively. The analysis suggests that the inclusion of new Kyungsung PCB sales this year will drive the performance.

Park Kang-ho, a researcher at Daishin Securities, stated, "Strong performance is expected due to additional R/F PCB for iPhone 15 and preemptive production for iPhone 16," adding, "We anticipate the possibility of upward revisions in performance from the perspective of replacement demand driven by artificial intelligence (AI) services."