On July 22, BH saw its stock price surge by more than 8% in early trading. Market sentiment appears to have been boosted by expectations that the company will supply parts for the foldable iPhone.
As of 9:10 a.m. on this day, BH shares were trading at 15,060 won on the Korea Exchange, up 8.27% from the previous trading day. The stock opened at 14,790 won and at one point during the session climbed as high as 15,220 won.
On this day, Ko Euiyoung, a researcher at iM Securities, commented, "BH is believed to be the de facto exclusive supplier of FPCB (Flexible Printed Circuit Board) within SCD, the exclusive supplier of internal displays for the foldable iPhone." He projected that BH's FPCB sales for the foldable iPhone would reach 195 billion won in 2026 and 501 billion won in 2027. iM Securities estimated that FPCB shipments for the foldable iPhone would reach 8.5 million units in 2026 and 2.2 million units in 2027.
Accordingly, the firm raised its 2027 revenue and operating profit estimates for BH by 14% and 16%, respectively, to 2.24 trillion won and 135 billion won. The target stock price was also raised from 15,000 won to 20,000 won.
However, the company expects short-term earnings to be weak. BH's second-quarter sales are estimated at 383.1 billion won, and operating profit at 8.1 billion won, both of which are expected to fall short of consensus.
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