[Click eStock] Seoul Semiconductor Leads Mini LED Growth with 'Target Price Raised'

[Asia Economy Reporter Lee Seon-ae] Daishin Securities announced on the 21st that the expansion of the mini LED market this year could drive overall growth through increased TV LED sales for Seoul Semiconductor, raising the target stock price to 26,000 KRW. The current stock price as of the 20th is 21,500 KRW.

Researcher Park Kang-ho explained, "Considering the continued increase in LED sales for TVs and automobiles, the rate of price decline in the lighting sector is expected to slow down, leading to significant profitability improvement for Seoul Semiconductor this year."

Operating profit this year is expected to reach 82.6 billion KRW, a 36.7% increase compared to the previous year. The global TV market has started selling mini LED TVs, and strategic approaches by Samsung Electronics and Chinese TV manufacturers (perceived as targeting the premium market) are expected to result in higher utilization rates and improved profitability for LED companies.

Researcher Park stated, "Samsung Electronics and LG Electronics, ranked first and second in the global TV market, are expected to increase their dependence on Seoul Semiconductor. With Samsung Electronics internally reducing its LED business and LG Innotek discontinuing its LED business, a strategic relationship with Seoul Semiconductor is anticipated," adding, "Seoul Semiconductor's sales and operating profit are estimated to increase by 8.2% and 37%, respectively, this year."

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