[Click eStock] Hanamaterials, Sales Expected to Triple This Year... Increase in US, Japan, and China Customers

[Asia Economy Reporter Hwang Yoon-joo] Hana Financial Investment on the 29th newly issued a "Buy" investment opinion and a target price of 56,200 KRW for Hana Materials, considering this year's increase in silicon carbide (SiC) ring sales and expanded sales to North American customers.

Researcher Byun Woon-ji of Hana Financial Investment stated, "Hana Materials is expected to have a sales growth rate of +25% (Y/Y) this year and +20% (Y/Y) in 2023."

Researcher Byun explained, "The reason for Hana Materials' high sales growth rate is that through Tokyo Electron, the final customers have expanded to the US, Japan, China, etc., and in 2022, sales to North American customers and SiC ring sales increased more than threefold and twofold respectively compared to the previous year."

Researcher Byun said, "About 50 billion KRW of facility investment is planned for 2022," and added, "If the facility installation proceeds smoothly, cost reduction and quality improvement due to expanded production capacity are also expected."

Researcher Byun estimated, "Sales of SiC material parts in 2022 are expected to be around 34.8 billion KRW," and analyzed, "Sales to North American customers in 2022 will grow more than threefold compared to 2021, expanding the sales proportion to North American customers from 2% in 2021 to 10% in 2022."

He added, "Sales of 339.5 billion KRW and operating profit of 106.2 billion KRW are expected in 2022. Sales, operating profit, and net profit in 2022 are projected to increase by 25%, 29%, and 21% respectively compared to the previous year, reaching 339.5 billion KRW, 106.2 billion KRW, and 80.8 billion KRW."

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