[Click eStock] "Park Systems, Growth Momentum Continues This Year... Target Price Up"

BNK Investment & Securities analyzed on the 6th that Park Systems' growth trend will continue this year as well. The investment opinion was maintained as 'Buy,' and the target stock price was raised to 300,000 KRW.

Park Systems recorded sales of 63.3 billion KRW and an operating profit of 16.5 billion KRW in the fourth quarter of last year. This represents a 39% and 68% increase compared to the same period last year. Minhee Lee, a researcher at BNK Investment & Securities, explained, "The order backlog is estimated at 60 billion KRW, which is the highest ever for the year-end backlog," adding, "Orders were mainly received for semiconductor use, and demand from regions outside China also seemed significant."

He said, "Last year, Park Systems' new orders are estimated at 177.5 billion KRW, and this year, an 18% increase to 209.5 billion KRW is expected compared to the previous year," and added, "Park Systems' orders are seasonally largest in the first quarter, and this January, order activities from Chinese customers have also been strong, indicating a good start."

He emphasized, "The company received multiple orders for post-process equipment from major overseas semiconductor customers last year, and expectations for an increase this year are high," stating, "Last year, several high-priced pieces of equipment were ordered, and major semiconductor customers have completed testing and started full-scale orders, so the possibility of additional orders this year looks high."