Will Rino Industrial, Expected to Achieve Record High Performance This Year, Maintain Its 10th Place in KOSDAQ Market Cap?

[Asia Economy Reporter Hwang Yoon-joo] Leeno Industrial has entered the top 10 in KOSDAQ market capitalization last week as institutional buying surged on expectations that it will record its highest-ever performance again this year.

According to the Korea Exchange on the morning of the 15th, Leeno Industrial ranked 9th with a market capitalization of 2.7299 trillion KRW, maintaining the 9th position for two consecutive trading days. Leeno Industrial rose to 10th place on the 11th, pushing out Seegene whose stock price had fallen.

The recent rise in Leeno Industrial's stock price is due to expectations that solid performance will continue this year following last year. According to FnGuide's analysis, market experts' average performance estimates for this year are sales of 322.2 billion KRW (+14.99%) and operating profit of 133.6 billion KRW (+14.10%).

The expectation that it will break its record-high performance again this year following last year largely influenced institutions to net buy 84.959 billion KRW worth of shares from early this month until the 11th.

It is analyzed that the research and development (R&D) of companies developing global IT devices is focused on new product lines such as virtual reality (VR), augmented reality (AR) devices, smart home appliances, etc., which will help sales growth.

Park Yoo-ak, a researcher at Kiwoom Securities, analyzed, "This year, the main product, semiconductor test probe (Leeno Pin) segment, is expected to maintain solid performance along with the growth of new device markets such as virtual reality (VR) devices, and the test socket (IC Test Socket) segment is expected to see a 17% increase in sales compared to the previous year, supported by 'increased integration density of non-memory semiconductors' and 'increased sales of high-spec products due to 5G adoption.'"

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