[Featured Stock] Daeduck Electronics Hits 52-Week High...Expectations for Surprise Q1 Earnings

[Asia Economy Reporter Minji Lee] Daeduck Electronics has reached a 52-week high. The stock price is believed to reflect expectations of a surprise performance that significantly exceeds the market forecast for the first quarter.

At 10:18 AM on the 22nd, Daeduck Electronics was trading at 28,400 KRW, up 6.77% from the previous trading day. On this day, the company’s stock price surged past the previous high of 27,000 KRW.

Daeduck Electronics is a specialized manufacturer of printed circuit boards (PCB) used in semiconductors (DRAM, NAND), communication equipment, smartphones, camera modules, automobiles, and set-top boxes. The market’s expected operating profit for the first quarter is 20.7 billion KRW. Daishin Securities forecasts that the first quarter operating profit will sharply increase by 452% year-on-year to 37 billion KRW. The annual operating profit for this year is expected to rise 121% from the previous year to 160.3 billion KRW.

Park Kang-ho, a researcher at Daishin Securities, said, "Since the merger with Daeduck GDS (December 2018), the quarterly operating profit is expected to exceed 30 billion KRW for the first time," adding, "The semiconductor package boom and mix effect have expanded, and sales from the new business, Flip Chip Ball Grid Array (FC BGA), have entered full-scale normal operation, reducing losses and leading to overall profit growth."

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