[Featured Stock] TipleX, Nickel Up 90% Intraday... Expected Record High Performance Again This Year 'Undervalued'

[Asia Economy Reporter Hyungsoo Park] T플랙스 is showing strong performance. After recording its highest-ever earnings since its establishment last year, securities firms' forecasts that the company will continue to increase profits this year seem to have influenced its stock price.

As of 9:26 a.m. on the 8th, T플랙스 is trading at 6,530 KRW, up 22.98% from the previous day.

Shinhan Financial Investment estimated that T플랙스 will achieve sales of 213 billion KRW and operating profit of 18.6 billion KRW this year, representing increases of 12.4% and 10.3%, respectively, compared to last year.

Researcher Byunghwa Lee of Shinhan Financial Investment said, "If the profit growth cycle continues, the price-to-earnings ratio (PER) based on this year's earnings is only 10.0 times," adding, "which is about half of the past five-year average PER of 20.6 times."

T플랙스 is the number one domestic company in stainless steel bars. It serves over 1,500 customers across various upstream industries such as shipbuilding, plants and semiconductor equipment, automotive parts, and nuclear power. Its business segments are divided into bars, plates, and wire rods (CD Bar), with bars and wire rods stably procured from SeAH Changwon Specialty Steel, and plates from POSCO.

Lee emphasized, "Last year, the company recorded its highest performance since its establishment," noting that "amid global demand growth and import restrictions, the rise in nickel prices also contributed to price increases."

He analyzed, "We expect performance growth to continue this year," adding, "Demand growth in shipbuilding, semiconductors, and automotive markets remains solid, and demand recovery is anticipated in industries such as construction, offshore plants, and nuclear power." He explained that benefits are expected from increased demand for fittings and valves for ships including liquefied natural gas (LNG) carriers and offshore plants, plate materials for construction equipment, electric vehicle battery modules, and nuclear power plant valves.

Price increase factors are also positive. Lee analyzed, "While imports are restricted due to the government's imposition of tariffs on imported stainless steel, domestic demand is increasing, and the rise in nickel prices is leading to stainless steel price hikes."

As the U.S. discusses sanctions on Russian crude oil, prices of nickel, palladium, and other metals with high Russian production shares have also soared.

On the 7th (local time), nickel on the London Metal Exchange (LME) surged by up to 90% to reach $55,000, marking an all-time high. The previous record was $51,800 set in 2007.

Researcher Sangguk Lim of KB Securities explained, "Demand for stainless steel is continuously increasing," adding, "Since the rise in nickel prices is linked to stainless steel prices, the increase in nickel prices is reflected in earnings growth." He also added, "As the only domestic supplier of materials for nuclear power plant valves, we expect to be the biggest beneficiary of the domestic nuclear power market reopening."

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