Abatech's stock price is on the rise. Expectations for earnings growth related to artificial intelligence (AI)-centered organic light-emitting diode (OLED) panels appear to be influencing the stock price.
As of 9:25 a.m. on the 27th, Abatech is trading at 16,730 KRW, up 2.76% from the previous day. During the session, it rose to 17,250 KRW, marking a 52-week high.
Yang Seung-su, a researcher at Meritz Securities, stated, "This year's sales are expected to increase by 35.1% year-on-year to 102.4 billion KRW, and operating profit for the same period is expected to grow by 611.9% to reach 15.7 billion KRW." He added, "Due to the expanded market share of domestic displays among North American clients and increased volume for laptops, a favorable earnings trend is expected to continue following the first quarter."
Researcher Yang also forecasted a positive trend continuing into 2025. He analyzed, "There will be an expansion in OLED etching sales and a recovery in multilayer ceramic capacitor (MLCC) sales," adding, "The direction of earnings growth is clear, centered on the increased adoption of AI-focused OLED panels." He further noted, "There is also potential for upward revisions in earnings estimates due to the additional acquisition of MLCC clients in the future."
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