[Click eStock] "Enox Advanced Materials Expected to Record Highest Ever Q4 Operating Profit"

[Asia Economy Reporter Jiwhan Park] IBK Investment & Securities announced on the 8th that Inox Advanced Materials is expected to record its highest-ever operating profit in the fourth quarter. The investment opinion 'Buy' was maintained, and the target price was raised from 50,000 KRW to 60,000 KRW.

Kim Unho, a researcher at IBK Investment & Securities, stated, "We expect fourth-quarter sales of 135.1 billion KRW and operating profit of 31.8 billion KRW. Although smartphone volume is sluggish compared to the third quarter, sales related to OLED TVs are expected to improve compared to the third quarter."

The company is evaluated to have competitiveness through growth driven by new product development. Researcher Kim Unho said, "Growth is progressing through new product development and securing new clients. Considering this, growth is still ongoing." By business division, INNOSEM is judged to accelerate securing new customers due to changes in the competitive landscape. The INNOLED division is evaluated to have growth potential from expansion of volume to large customers due to line expansion and to new customers in the small and medium segment. Smartfex is expected to secure high growth potential in Fold-related film volume, and it is forecasted that operating profit exceeding 100 billion KRW will be achievable next year.

Researcher Kim Unho said, "record-breaking fourth-quarter performance is expected, and entering the Fold market is judged to have secured additional growth drivers for the future. The current stock price is undervalued compared to performance."

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