[Click eStock] "Wonik Materials, Stock Price Overlooked Compared to Earnings"

[Asia Economy Reporter Ji Yeon-jin] Hana Financial Investment stated on the 27th that it maintains a buy rating and a target price of 43,000 KRW for Wonik Materials, citing excessive stock price neglect despite solid earnings and undervaluation of the PER (price-to-earnings ratio) corporate value.

Kim Kyung-min, a researcher at Hana Financial Investment, explained, "The year-to-date stock return is -0.3%, relatively underperforming compared to KOSDAQ's 9.4%," adding, "Companies engaged simultaneously in semiconductor process materials and electronic materials for secondary batteries have received more attention, but in the case of Wonik Materials, the core business (specialty gases used in process materials) is well managed, which is an advantage in terms of earnings, but has had a limited impact on the stock price."

However, it is expected that interest in Wonik Materials will increase following the delisting of specialty gas supplier SK Materials due to its absorption merger into its holding company SK.

Wonik Materials is a supplier of specialty gases for semiconductor processes (cleaning, etching, deposition). Hana Financial Investment revised its Q3 earnings estimates upward to sales of 79.6 billion KRW and operating profit of 14.2 billion KRW. As of August, the previous estimates were sales of 78.2 billion KRW and operating profit of 13.9 billion KRW. The increase in earnings estimates is attributed to rising specialty gas sales in the display specialty gas business ahead of mass production of QD-OLED in the upstream industry, in addition to semiconductor specialty gases. The annual performance for this year is projected to be sales of 300 billion KRW and operating profit of 48.5 billion KRW.

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