[Special Stock] JP Morgan "Target Price 150,000 Won" Hanmi Semiconductor Surges

Thanks to a report from global investment bank (IB) JP Morgan, Hanmi Semiconductor's stock price is on the rise.

As of 9:30 AM on the 19th, Hanmi Semiconductor's stock price is trading at 108,700 KRW, up 10.47% from the previous closing price. Earlier, on the 18th (local time), JP Morgan issued an investment opinion of 'Overweight' and set a target price of 150,000 KRW for Hanmi Semiconductor.

On the 13th, Hanmi Semiconductor announced that its consolidated financial statements for last year showed sales of 558.9 billion KRW and operating profit of 255.4 billion KRW. Sales increased by 251% and operating profit surged by an astonishing 639% over one year. The operating profit margin reached as high as 46%, indicating strong profitability.

The improved performance was thanks to its core product, TCB. TCB refers to Thermal Compression Bonding equipment, a key device used in producing High Bandwidth Memory (HBM), whose demand is rapidly increasing with the expansion of the AI industry.

JP Morgan stated, "If the HBM market slows down and competition intensifies, it could pose a risk to Hanmi Semiconductor, which heavily depends on TCB sales," but also assessed that "considering the high operating profit margin and strong market share, it has long-term investment appeal."