[Click eStock] "Dayang Electric Industry, Pressure Sensor Division Growth Expected"

On the 11th, IBK Investment & Securities analyzed that Daeyang Electric Industry is expected to see stable growth in the shipbuilding and defense sectors, along with an increase in supply volume from its automotive sensor division. The target stock price was raised from the previous 21,000 KRW to 29,000 KRW.

Researcher Geonjae Lee of IBK Investment & Securities stated, "Pressure sensors produced based on MEMS (Micro Electro Mechanical Systems) have two growth factors," and explained, "Daeyang Electric Industry's digital pressure sensors have advantages over existing analog sensors in terms of precision, durability, and price competitiveness."

He continued, "There is only one significant competitor, a U.S. company, so the market penetration rate is expected to naturally expand," and added, "Pressure sensors manufactured based on semiconductor technology are currently produced using 6-inch wafers, but if the volume increases, they can switch to 8-inch wafers." He emphasized, "Switching to 8-inch wafers theoretically can improve production efficiency by about 1.78 times, and profit margins could further improve."

The researcher analyzed, "Daeyang Electric Industry's self-developed pressure sensors face limited significant competitors in overseas markets," and "there is a high possibility of expansion into various fields such as hydrogen, home appliances, and robotics, in addition to automobiles."