[Market Focus] Daeduck Electronics Hits Record High on Optimism for Memory Substrate Market

Daeduck Electronics is showing strong performance in early trading.

As of 9:08 a.m. on October 10, Daeduck Electronics was trading at 36,550 won, up 19.06% (5,850 won) from the previous trading day. During the session, the stock surged to 37,600 won, setting a new 52-week high.

Investor sentiment appears to have been boosted by a series of securities industry analyses predicting strong earnings for Daeduck Electronics, driven by favorable conditions in the memory substrate market.

For the third quarter of this year, Daeduck Electronics is expected to post sales of 279.9 billion won (up 20.2% year-on-year) and operating profit of 18.9 billion won (up 105.0%), exceeding market expectations by 5.5% and 44.6%, respectively.

Yang Seungsoo, a researcher at Meritz Securities, said, "A significant rebound in performance is expected across all sectors, including memory, non-memory, and multi-layered printed circuit boards (MLD). In the memory sector, strong demand from data centers is projected to continue throughout 2026, and momentum is building for securing new customers for graphics DRAM (GDDR7) as well."

Kim Minkyeong, a researcher at Hana Securities, stated, "For non-memory package substrates, we believe a turnaround to profitability could be possible in the first half of 2026, considering the reduction in FCBGA (flip-chip ball grid array) depreciation expenses starting in the second half of this year, as well as increased utilization rates driven by new orders for automotive autonomous driving chips and server controllers." She raised her target price to 35,000 won.