[Click eStock] "KH Vatec Expected to Meet Market Expectations for Q1 Earnings"

Meritz Securities analyzed on the 14th that KH Vatec's first-quarter performance this year likely met market expectations.

Yang Seung-su, a researcher at Meritz Securities, explained, "In the first quarter of this year, sales are expected to have reached 61.6 billion KRW and operating profit 3.9 billion KRW," representing increases of 12.2% and 20.9% respectively compared to the same period last year."

He added, "The operating profit likely met the market expectation of 3.8 billion KRW," and "amid continued positive foreign exchange effects, sales of titanium cases are increasing."

Researcher Yang estimated, "Sales for this year will reach 358.4 billion KRW and operating profit 26.7 billion KRW," which are increases of 15.2% and 22.0% respectively compared to last year. He emphasized, "Supply of hinges for foldable products began in April," and "due to the expansion of internal display size and reduction in thickness, the unit price of hinge sales appears to have increased by about 25-30% compared to the previous year."

He forecasted, "By the end of this year, sales of end plates will be newly reflected," and "from next year, sales in the automotive electronics sector will gradually increase."