[Click eStock] "Device ENG Benefits from Increased Demand for Cleaning Equipment"

[Asia Economy Reporter Hyungsoo Park] Research Alom forecasted on the 3rd that demand for cleaning equipment in organic light-emitting diode (OLED) and semiconductor manufacturing processes will increase for Device ENG.

Device ENG is a company that produces cleaning equipment based on contamination control technology. Recently, as OLED, which was only installed in high-end smartphones, has been expanded to budget models, demand for cleaning equipment is increasing.

Researcher Seonghwan Choi of Research Alom explained, "It is understood that an order backlog of 130 billion KRW has been secured," and "a definite performance improvement is expected this year."

Last year, Device ENG's sales were estimated at 38 billion KRW, down 59.2% from the previous year, and operating profit was estimated at 500 million KRW, down 97.0%. This was attributed to delayed investments by Chinese OLED companies. However, as the expansion of Chinese companies is in full swing, it is expected to enter a growth phase again starting this year.

Sales and operating profit in 2020 are estimated to reach 135 billion KRW and 26.4 billion KRW, respectively, increasing by 255.3% and 5325.2% compared to last year. The appropriate stock price was suggested to be 23,600 KRW.

This content was produced with the assistance of AI translation services.