[Click eStock] "Dreamtech, Focus on Wireless Biosensor and Memory Module Business"

Sangsangin Securities analyzed on the 1st that Dreamtech should be noted for its wireless bio-sensor and memory module businesses.

Dreamtech operates mainly in smartphone component modules, fingerprint recognition sensors, and medical device businesses. As of last year, the major sales proportions were IMC (smartphone component modules) 42%, BHC (fingerprint recognition sensors, medical devices) 22%, and camera modules (subsidiary Namuga) 35%. Dreamtech supplies smartphone component modules to most models of Company S, holding a market share in the 30% range.

Researcher Lee Sojung of Sangsangin Securities explained in the report that day, “Fingerprint recognition sensors are supplied to foldable phones and mid-to-low-end models excluding Company S’s S series,” and “In the medical device business, wireless bio-sensors are being developed and mass-produced.”

The wireless bio-sensor is a wireless patch-type product that transmits patients’ ECG, heart rate, respiration rate, and body temperature data in real time to the hospital’s central control center. Additionally, a wearable patch capable of diagnosing arrhythmia is also being sold in the United States. Furthermore, the subsidiary Namuga, acquired in 2020, operates the camera module business.

Researcher Lee Sojung forecasted, “This year’s target sales amount is 1.1 trillion KRW, and operating profit is 70 billion KRW, representing increases of 7% and 106% respectively compared to the previous year,” and “Sales in the IMC and CCM business divisions are expected to increase by 5 to 10%.”

He analyzed, “Growth in scale is expected mainly in the BHC division and the new semiconductor memory module business division,” and “In the BHC division, if a business announcement is made by the Indian government regarding wireless bio-sensors, an order contract worth around 100 billion KRW is expected.”

He also stated, “The semiconductor memory module business is understood to carry out SMT processes for Company S’s DRAM and SSD at the company’s factory in India,” and “The production capacity based on annual sales is about 100 billion KRW, with potential expansion up to 300 billion KRW. Mass production is expected to begin from the end of this year.”