[Click eStock] "Komico Expected to Maintain Stable Earnings Improvement"

On April 22, SK Securities stated that although uncertainty is increasing regarding this year's earnings outlook for major companies in the domestic materials and components sector, the firm expects Komico to continue its stable earnings growth. SK Securities newly set its investment opinion at "Buy" and its target price at 90,000 won.

The firm estimated that Komico will achieve sales of 656 billion won and operating profit of 158.1 billion won this year. These figures represent increases of 13.6% and 18.3%, respectively, compared to last year.

Lee Dongjoo, a researcher at SK Securities, explained, "Demand for cleaning and coating, driven by process miniaturization, continues to rise," and added, "The importance of particle management for yield improvement is also growing." He further stated, "The high exposure to the Chinese market is also having a positive impact on earnings," and added, "The benefit period will begin as utilization rates increase following the surge in semiconductor investment in China."

Researcher Lee also analyzed, "Concerns over overlapping listings related to Mico Ceramics are gradually being resolved," and added, "If an absorption-type merger is assumed, the total dilution effect on earnings per share (EPS) is expected to be only around 5 to 10%."