[Special Stock] PI Cheomdan Sosae, "Even at 100% Operation, No PI Film Available"... Price Increase Imminent

[Asia Economy Reporter Hyungsoo Park] PI Advanced Materials is showing strong performance. The analysis that its operating profit margin will exceed 30% in the third quarter seems to have influenced the stock price.

At 10:21 AM on the 11th, PI Advanced Materials was trading at 63,700 KRW, up 10.21% from the previous day.

Jeonghwan Kim, a researcher at Hanwha Investment & Securities, analyzed, "Due to strong demand for PI film driven by new product effects in the second half of this year and a long-term supply contract for heat dissipation sheet products, the company is expected to maintain a full production-full sales system throughout the year."

He added, "With an additional increase in operating rate in the second quarter and increased shipments for the new iPhone model, third-quarter sales are expected to reach 82.1 billion KRW and operating profit 25.4 billion KRW," explaining, "which represents increases of 10% and 59%, respectively, compared to the same period last year."

He forecasted, "The operating profit margin is expected to reach 31%," and added, "Currently, with PI Advanced Materials' production capacity of 4,300 tons per year, it is difficult to fully meet the demand from customers in the second half."

Furthermore, he emphasized, "Global production capacity, except for Dupont, will not increase until the first half of next year, so the tight supply and demand for PI film will continue," and "It is expected that competitors will take time to expand their facilities."

Researcher Kim said, "Because key production facilities have been pre-ordered by the secondary battery industry," and added, "The possibility of a price increase for films in the second half is growing."

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