[Click e-Stock] "Hansol Chemical to Benefit from Samsung Electronics' Expanded DRAM Investment... Target Price Up"

On December 1, Kiwoom Securities stated that Hansol Chemical is expected to benefit from Samsung Electronics' expanded investment in DRAM. The company maintained its "Buy" investment rating and raised the target price to 300,000 won.

Kiwoom Securities predicted that Samsung Electronics will proceed with facility investment for its Pyeongtaek Plant 4 and infrastructure investment for Pyeongtaek Plant 5 next year. It also forecasted a conversion of the cleanroom at Pyeongtaek Plant 4. The analyst said, "Starting at the end of this year, the new memory facilities invested in by customers during the first half will begin full-scale operations."

Park Yuhak, a researcher at Kiwoom Securities, explained, "For Samsung Electronics, DRAM capital expenditure (CapEx) in 2026 is expected to reach 16.6 billion dollars, a 17% increase compared to the previous year," adding, "Demand for hydrogen peroxide from Hansol Chemical is projected to increase significantly."

He further noted, "In the first half of next year, Samsung Electronics' NAND utilization rate is expected to turn upward, and in the second half, the equipment additionally invested in during the first half is anticipated to begin operating." He emphasized, "After that, SK hynix's Yongin Plant 1 and Samsung Electronics' Pyeongtaek Plant 5 will be completed."

He added, "The facility investment and operation schedules of customers will serve as significant momentum for Hansol Chemical's performance and stock price growth."