[Market Focus] Park Systems Jumps Over 7% on Strong Q1 Results

The stock price of Park Systems, a company specializing in the development and production of advanced nanometrology equipment such as atomic force microscopes (AFM), has been strong this year, supported by robust first-quarter results.

As of 9:05 a.m. on May 8, Park Systems was trading at 217,500 won, up 15,000 won (7.41%) from the previous trading day.

In the first quarter, Park Systems posted sales of 50.91 billion won and operating profit of 13.15 billion won, representing increases of 98.4% and 2,478%, respectively, compared to the same period last year. Despite the first quarter typically being a slow season, a higher order backlog compared to previous years and strong sales of industrial equipment led to solid results. The recognition of some customer test volumes as revenue also contributed to the performance.

On the same day, Ryu Youngho, an analyst at NH Investment & Securities, stated, "It is understood that the company is maintaining a high order backlog, so solid results are expected to continue in the second half of the year." He maintained a "Buy" rating and raised the target price to 290,000 won. He added, "Due to the characteristics of the equipment, the impact of macroeconomic uncertainty is relatively limited compared to other equipment manufacturers. As the transition to advanced processes expands the application range of AFM technology, the company is expected to continue benefiting."