[Click eStock] "Interplex, Benefiting from Samsung Electronics S Pen Expansion"

[Asia Economy Reporter Lee Jung-yoon] Daishin Securities maintained a buy rating and a target price of 22,000 KRW for Interflex on the 23rd, stating that this year Samsung Electronics' premium smartphone strategy will lead to increased digitizer sales.

Park Kang-ho, a researcher at Daishin Securities, said, "The stock price rose 8.1% on the previous day (February 22), which can be interpreted as increased expectations for Interflex's strong performance this year, as it was mentioned that the Ultra model (the successor to the Galaxy Note) accounts for about 60% of Samsung Electronics Galaxy S22 pre-orders." He added, "Samsung Electronics' premium smartphone strategy this year focuses on marketing differentiation through the application (integration) of the S Pen, which is expected to lead to increased digitizer sales for Interflex, putting the company on a path of substantial growth."

Daishin Securities estimated Interflex's sales this year to rise 40.1% year-on-year to 628 billion KRW, and operating profit to increase by 1120% to 41.3 billion KRW. Operating profit for 2023 is predicted to rise 42% to 58.4 billion KRW.

Interflex is expected to record 141.3 billion KRW in sales for the fourth quarter of last year, a 64% increase year-on-year, and to turn to an operating profit of 12.8 billion KRW.

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