"Philoptics, Expected to Mark a Turnaround Year This Year"

[Asia Economy Reporter Park Jihwan] Hanwha Investment & Securities evaluated that 2024 will be the first year of a performance turnaround for Philoptics. Established in 2008, Philoptics is a company that manufactures equipment for secondary batteries and displays based on laser technology.

Junhwan Kim, a researcher at Hanwha Investment & Securities, stated, "Last year, the main business division sales proportions were 64.2% OLED equipment, 24.1% secondary battery equipment, and 11.7% others. This year, growth is expected to start with secondary batteries and extend to display equipment next year."

Researcher Kim explained, "The growth in the secondary battery equipment sector is the key factor for the turnaround," adding, "With the development of new assembly line facilities for Samsung SDI, sales are expected to continuously expand in line with the customer's plan to expand their second factory in Hungary."

He also noted, "Demand for laser cutting equipment is increasing due to Samsung Electronics' expansion of its foldable smartphone line," and evaluated that "a diverse lineup including HIAA, ULP, and QD-OLED drilling equipment is being established."

Researcher Kim analyzed, "Starting with this year's turnaround, greater benefits are expected next year as upstream investments become full-scale," and described the company as "having high mid- to long-term investment attractiveness."

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