[Click e-Stock] "Hansol Chemical Expected to Exceed Q2 Earnings Forecasts... Target Price Raised"

On June 11, Kiwoom Securities forecasted that Hansol Chemical would post results in the second quarter of this year that exceed market expectations.

Park Yuak, a researcher at Kiwoom Securities, stated, "We expect second-quarter operating profit to reach 45.9 billion KRW, surpassing previous forecasts." He analyzed that the main factors include the recovery of hydrogen peroxide performance for semiconductors due to increased foundry utilization at Samsung Electronics, increased volume of secondary battery binders supplied to domestic customers, and growth in semiconductor precursor performance for both domestic and overseas clients.

Park added, "In the case of semiconductor precursors, the proportion of sales to China is rising to 15-20%, so Hansol Chemical is expected to benefit from the growing Chinese semiconductor industry." He also noted, "For Taeypax, which had previously suffered from sluggish results, performance is expected to recover, especially in secondary battery tape."

The growth trend is expected to continue in the third quarter. Park forecasted, "Third-quarter results are projected to be 217.4 billion KRW in revenue (down 2% quarter-on-quarter, up 14% year-on-year) and 47.5 billion KRW in operating profit (up 3% quarter-on-quarter, up 28% year-on-year), indicating continued growth."

He further stated, "The third quarter is expected to be the period when Samsung Electronics completes mass production quality for NVIDIA-bound HBM3e 12hi and 1cnm DRAM, so depending on these results, the stock price could gain even more upward momentum." He announced, "Reflecting adjustments to EPS forecasts for 2025 to 2027, we are raising our target price to 190,000 KRW."