[Featured Stock] Sinsung ENG to Achieve Large-Scale Operating Profit Turnaround Next Year... Focus on COVID-19 Negative Pressure Wards

[Asia Economy Reporter Yoo Hyun-seok] Sinseong ENG is showing strong performance. This is interpreted as a result of improved earnings forecasts combined with increased demand expectations for negative pressure wards due to the rapid rise in COVID-19 confirmed cases.

As of 10:22 AM on the 10th, Sinseong ENG was trading at 2,260 KRW, up 17.10% (330 KRW) compared to the previous trading day.

Kiwoom Securities analyzed that Sinseong ENG's stock price is expected to rise based on a turnaround in earnings in the fourth quarter of this year.

Park Yoo-ak, a researcher at Kiwoom Securities, explained, "Sinseong ENG's stock price had been declining since the end of last year due to poor performance in the solar module business," adding, "Starting from the fourth quarter, the profitability of the solar module business began to improve significantly."

He continued, "Investments in cleanrooms by semiconductor, display, and secondary battery customers are also expanding greatly," and "We expect a stock price reversal based on a quarterly earnings turnaround."

He estimated, "Operating profit will turn positive with 5 billion KRW in the fourth quarter," and "Operating profit is expected to reach 35 billion KRW next year."

Additionally, he emphasized, "If the rise in solar module prices continues, additional momentum for earnings growth will occur."

Sinseong ENG developed mobile smart negative pressure rooms and positive/negative pressure devices utilizing cleanroom embedded technology last year, a special case due to the COVID-19 pandemic. Their technology gained attention by contributing to medical environment improvement and quarantine efforts.

This year, they developed a mobile negative pressure ward (MCM) in collaboration with KAIST, which has the advantage of being quickly transformed or modified into a negative pressure isolation facility equipped with advanced medical equipment. The company introduced through its quarterly report that it helped address the shortage of hospital beds.

Recognized for its contributions, Sinseong ENG was selected as a promising company for overseas procurement market spending, "G-Pass." This enables high expectations for performance in both domestic and international procurement markets.

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