[Featured Stock] Hanmi Semiconductor Rises on Expectations of Additional Growth

[Asia Economy Reporter Hyungsoo Park] Hanmi Semiconductor is rebounding. Securities firms' analysis that the company will achieve results meeting the heightened earnings expectations appears to have influenced the stock price.

As of 11:02 AM on the 7th, Hanmi Semiconductor is trading at 29,950 KRW, up 8.91% from the previous day.

Byun-ki Bae, a researcher at Samsung Securities, explained, "We estimate that the third-quarter sales reached 95.9 billion KRW, slightly down from the second quarter," adding, "In the fourth quarter, sales are expected to increase to 112 billion KRW compared to the third quarter."

He continued, "There is a high possibility of achieving annual sales of 388 billion KRW," and added, "the variable is the extended equipment lead time, but for Microso internalization and other equipment, the lead time is judged to be about 3 to 4 months, so additional orders may come."

Furthermore, he estimated, "There is a high likelihood of meeting the raised consensus level," projecting annual sales of 387.5 billion KRW and operating profit of 122.6 billion KRW this year.

He noted, "The TAM of the assembly market in which Hanmi Semiconductor participates is itself growing," and expressed expectations that "there is also a possibility of an increase in the average selling price of the main equipment, VP equipment, next year."

He added, "Recently, due to a shortage of substrates, the expansion investment trend of substrate companies can also further drive Hanmi Semiconductor's growth," and forecasted, "We expect additional growth of the main equipment, VP equipment, next year."

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