[Click e-Stock] "Komico, Core Business Growth Continues"

On May 26, Hanwha Investment & Securities predicted that Komico's cleaning and coating business divisions would continue to grow steadily. The firm raised its target price by about 10%, from 69,000 won to 76,000 won.

Kim Kwangjin, a researcher at Hanwha Investment & Securities, stated, "We estimate that Komico will achieve sales of 143.6 billion won and operating profit of 34.9 billion won in the second quarter of this year," adding, "These figures represent increases of 6% and 12%, respectively, compared to the previous quarter."

He continued, "With the growth of its subsidiary Mikoceramics, demand for cleaning and coating continues to increase," and added, "The Anseong subsidiary is expected to see higher sales due to the expansion of new coating items for Samsung Electronics." He also emphasized, "At the Wuxi subsidiary in China, demand for high-spec cleaning and coating is rising due to stricter particle standards set by major Chinese semiconductor clients."

Kim noted, "It is also important to pay attention to the strengthening of ties with TSMC," and analyzed, "Currently, new cleaning and coating plants are being expanded in Tainan, Taiwan, and Phoenix, United States, to meet TSMC's demand." He further explained, "These facilities are expected to start contributing to sales in earnest from next year," and added, "A new cleaning and coating plant is also under consideration in Kumamoto, Japan, where the company completed the establishment of a local subsidiary last month."