[Click eStock] "Wiseol, Strong 4Q Performance... Expecting Record Sales This Year"

[Asia Economy Reporter Lee Jung-yoon] Daishin Securities announced on the 25th that it maintains a buy rating and a target price of 15,000 KRW for Wysol, citing strong fourth-quarter earnings last year and expectations for record-high sales this year.

Wysol's fourth-quarter sales last year rose 10.7% year-on-year to 91.7 billion KRW, and operating profit increased 12.2% to 3.8 billion KRW. Daishin Securities analyzed that Wysol achieved solid performance.

Daishin Securities forecast that in the first quarter of this year, Wysol will benefit from increased sales and expanded market share of Samsung Electronics' Galaxy S22 and A series. Additionally, in the second quarter, it is estimated that the new high-performance filter product is highly likely to be supplied to Samsung Electronics' foldable phones, which is evaluated to be advantageous in terms of price competitiveness and cost improvement compared to existing products.

Total sales for 2022 are estimated at 421.6 billion KRW, a 13.7% increase from the previous year, and operating profit is expected to rise 62.8% to 22.7 billion KRW, marking record-high sales. Park Kang-ho, a researcher at Daishin Securities, stated, "This year, the expansion of sales of new products such as high-performance filters combined with ongoing cost improvement efforts is expected to bring about a full-scale turnaround and synergy effects," adding, "Furthermore, from the second half of this year, entry into the high-value-added communication module PAMiD (frequency components for smartphones) market is also anticipated."

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