[Market Focus] AP Systems Rises Over 9% on Display and Semiconductor Growth Expectations

The stock price of AP Systems, which is expected to see improved profits mainly in its display and semiconductor divisions, is on the rise. As of 9:07 a.m. on September 30, 2025, AP Systems was trading at 20,450 won, up 1,770 won (9.48%) from the previous day.

On this day, Shinhan Investment Corp. maintained its "Buy" investment opinion on AP Systems, stating, "Gradual growth is expected in the display and semiconductor divisions," and raised its target price by 1,000 won to 27,000 won.

Namkoong Hyun, a researcher at Shinhan Investment Corp., said, "Following Samsung Display, investments in 8th-generation panels by Chinese panel makers are continuing, and increased facility investments in displays are expected to lead to higher equipment shipments next year. The timing for visible new semiconductor equipment orders is likely to be next year, and once confirmed, a revaluation of the stock price will be possible," he explained.

He especially highlighted next year's expected improvement in performance. Researcher Namkoong said, "Next year, sales are expected to reach 589.8 billion won and operating profit 65.5 billion won," projecting that operating profit will increase by 40.9% compared to this year. He added, "Sales of display equipment are expected due to delayed 6th-generation organic light-emitting diode (OLED) investments and 8th-generation investments, mainly in China. The semiconductor division is also expected to show solid results in both existing dicing equipment and new rapid thermal processing (RTP) equipment."