[Click eStock] "KOSYS, Performance Growth Expected in Second Half with Display Equipment and More"

[Asia Economy Reporter Hyunseok Yoo] IBK Investment & Securities analyzed on the 20th that KOSYS is expected to show improved performance in the second half of the year. No investment opinion or target price was provided.

KOSYS is a specialized company in semiconductor and display equipment. It has a lineup including repair equipment for next-generation displays and laser cutting equipment (SIP).

KOSYS recorded sales of 16 billion KRW and operating profit of 2.4 billion KRW in the first half of the year, down 47.4% and 36.8% respectively compared to the same period last year. IBK Investment & Securities researcher Geonjae Lee said, "Although the performance was sluggish, equipment delivery results deferred due to COVID-19 are expected to be reflected in the third quarter, and the entry of repair equipment developed for next-generation displays into the Greater China market is becoming visible. We believe KOSYS's performance in the third quarter will show a different pattern from the first half."

IBK Investment & Securities expects KOSYS's sales this year to increase by 6.7% year-on-year to 70 billion KRW, with an operating profit margin reaching around 16%. He explained, "This is expected to be due to increased sales of laser cutting equipment and repair equipment for next-generation displays."

The researcher emphasized, "KOSYS showed a performance level-up after exclusively supplying SIP laser cutting equipment to Company A, a US-based global smartphone manufacturer, in 2018. It is judged that discussions are ongoing regarding additional equipment deliveries to Company A in the second half of this year and until 2021, so investors need to pay attention."

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