[Click eStock] "Wonik IPS, Stronger Performance Expected This Year"

BNK Investment & Securities analyzed on the 28th that Wonik IPS is expected to show improved performance this year. The investment opinion 'Buy' and the target stock price of 39,000 KRW were maintained.

Lee Min-hee, a researcher at BNK Investment & Securities, explained, "Samsung Electronics' P4 operation is expected to be delayed, and SK Hynix's M16 expansion scale is also expected to be reduced," but added, "Demand is improving starting with mobile, so memory supply and demand are expected to gradually improve."

He emphasized, "This year, performance improvement is expected solely from customer transition investments," and "With an increase in new product launches, the sales scale of DRAM and NAND per 10k is expected to grow larger."

He explained, "This year, Wonik IPS's semiconductor sales are expected to reach 704 billion KRW, a 23% increase compared to the previous year," and added, "Although profitability will be sluggish due to sales decline in the first quarter, meaningful sales growth and profitability improvement are expected from the second quarter."