[Click eStock] "Rino Gong-yeop, Target Price 263,000 KRW... Down 16%"

Yuanta Securities on the 25th lowered the target price of Lino Industrial to 263,000 KRW, a 16% cut. The investment rating was maintained as a buy.

They forecasted third-quarter sales of 84.5 billion KRW and operating profit of 37.8 billion KRW. Although the recovery in mobile demand has been delayed, the mass production sockets for mobile devices, which were usually recognized from the second quarter each year, were partially postponed to the third quarter, resulting in increased sales of mobile mass production sockets in the second half. This trend is expected to continue through the fourth quarter, with second-half performance projected to increase by 24% compared to the first half.

Sales from research and development (R&D) projects in the second half are expected to maintain the expanded level seen in the first half. With the diversification of major clients' businesses and the expansion of the AI market, R&D project sales are increasing, and considering this, sales and margin growth are judged to be sustainable.

Researchers So-Young Moon and Young-Ho Ryu stated, "Starting with Apple Intelligence in October, momentum for on-device growth in 2025 and sales growth from new applications are expected, leading to a recovery in the stock price." They also assessed that with Lino Industrial's inclusion in the value-up index the previous day, additional stock price upside momentum has been secured.