[Special Stock] Techwing Hits 52-Week High on Earnings Growth Expectations from Customer Diversification

Techwing's stock price is on the rise. Expectations of increased operating profit due to diversification of client companies appear to be influencing the stock price.

As of 9:25 AM on the 3rd, Techwing is trading at 63,100 KRW, up 3.95% from the previous trading day. During the session, it rose to 65,000 KRW, marking a 52-week high.

Junyoung Park, a researcher at Hyundai Motor Securities, stated, "The existing main client is a domestic leader in high-bandwidth memory (HBM), and deliveries to this client have already become somewhat visible. However, recently, diversification to two other HBM manufacturers as clients seems to be accelerating. Due to this client diversification, it is expected that at least 300 Cube Probers will be delivered by 2025. Even assuming deliveries only to the two client companies, it is estimated that more than 300 units will be needed."

Park added, "To fully meet the production capacity (CAPA) expansions of the three client companies by 2025, it is estimated that more than 900 Cube Probers will be required. The company itself has recently announced plans to deliver an average of over 300 Cube Probers annually over the next three years. Although it is true that HBM test equipment companies' stock prices have recently risen strongly, in Techwing's case, even assuming no multiple adjustments and only an upside in performance, there remains more than 60% potential for stock price growth."