[Click e-Stock] "Oros Technology Expected to Be Re-evaluated with Expanded Customer Base"

On April 23, LS Securities stated that Oros Technology is at a point where a re-evaluation is necessary due to an expansion of its customer base.

Cha Yongho, a researcher at LS Securities, explained, "As the number of high-bandwidth memory (HBM) stacks increases, the thickness of the die becomes thinner, which will lead to increased demand for metrology equipment," adding, "Oros Technology is supplying its products to domestic customers."

He continued, "The biggest risk in the existing business structure has been the high proportion of sales to China," and added, "By expanding into the back-end process sector, the company is diversifying not only its products but also its customer portfolio." He analyzed, "Last year, the proportion of sales to China was only 16%, and it is expected to remain below 20% this year as well."

Cha emphasized, "It is possible for the company to diversify its sales channels," and noted, "Although the company has resolved its previous risks, it still maintains a lower valuation compared to the price-earnings ratios (PER) of its competitors."