Hana Financial Investment: "Semiconductor Equipment Company PSK Continues Growth Path"

[Asia Economy Reporter Lim Jeong-su] Hana Financial Investment forecasted that the stock price of PSK, a supplier of semiconductor full-process equipment, will escape the undervaluation phase as the company's performance improves significantly.

On the 27th, Kim Kyung-min, an analyst at Hana Financial Investment, estimated that "PSK will achieve sales of 438.8 billion KRW and an operating profit of 96.4 billion KRW this year." This represents a 65% increase in sales and a 205% increase in operating profit compared to the same period last year.

Regarding the performance improvement forecast, Analyst Kim explained, "It is analyzed that PSK benefited from Samsung Electronics' large-scale facility investments at the Pyeongtaek and Xi'an plants in China. The reason why the operating profit growth rate is higher than sales is that research and development (R&D) costs were already reflected last year, and profitability leverage effects increased as quarterly sales surprises were achieved."

He also predicted that next year, PSK's sales and operating profit will increase by more than 10% each, reaching 473.6 billion KRW and 105.3 billion KRW, respectively. This projection reflects SK Hynix's memory miniaturization investments and active facility investments by overseas clients, even if Samsung Electronics' memory division investment does not increase.

He stated, "PSK's export ratio has already exceeded 50% this year," and evaluated, "It is a rare case for a domestic semiconductor full-process equipment company to grow into an export company by increasing overseas sales." He added, "Overseas non-memory semiconductor companies are expanding facility investments, which will allow PSK to escape the undervaluation phase and establish itself as a leading stock in the semiconductor full-process equipment sector."

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