[Market Focus] TLB Rises Over 4% on Strong Q3 Earnings

The stock price of TLB is gaining momentum after the company announced third-quarter results that exceeded expectations this year.

As of 10:16 a.m. on November 13, TLB was trading at 71,700 won, up 2,800 won (4.06%) from the previous trading day.

In the third quarter, TLB posted sales of 68.9 billion won and operating profit of 8.7 billion won, up 48.5% and 111.2%, respectively, compared to the same period last year. This marks the highest sales since the company's founding, reflecting the current boom driven by the memory cycle. Operating profit was also partially boosted by one-off personnel expenses in the third quarter.

On this day, Shinhan Investment Corp. maintained its "Buy" rating on TLB, stating that it is time to focus on the acceleration of earnings growth next year, and raised its target price by 11% to 90,000 won. Seo Jibeom, a researcher at Shinhan Investment Corp., said, "The expansion of high value-added substrate sales drove the overall performance. The increase in order backlog and ASP (average selling price) compared to the previous quarter is also positive. Despite limited production capacity, the company secured profitability by increasing the proportion of high value-added substrates."