[Click eStock] "BH, Low Price Buying Opportunity... Solid Growth Roadmap"

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[Asia Economy Reporter Lee Jung-yoon] Kiwoom Securities stated on the 4th that although BH's stock price has sharply declined in the short term due to uncertainties in iPhone demand, it is considered a buying opportunity at a low price.

Oh Hyun-jin, a researcher at Kiwoom Securities, explained, "Due to reports related to Apple's production delay, the stock price has fallen more than 20% from its peak," adding, "In the case of the iPhone 14 series, attention is focused on the improvement of the product mix, such as the increased proportion of the Pro lineup." He continued, "Despite the increased proportion of the Pro lineup, the production plan before the production increase is at a level similar to the previous model, so BH's production volume can increase in response to the Pro lineup."

It has been confirmed that the iPhone may not be free from the economic recession and the slowdown in IT demand. It is considered reasonable to approach future overall sales and production forecasts conservatively. However, BH's performance growth is expected to continue. This is because the expected scale of production expansion through market share growth is analyzed to be able to dispel demand concerns. It is anticipated that additional volume expansion will be possible through increased volume from major clients and rising market share within those clients.

Furthermore, the mid- to long-term growth roadmap is also evaluated as solid. Researcher Oh said, "Operating profit this year is expected to grow 138% year-on-year to 169 billion KRW," adding, "From next year, the expansion of models applying Low-Temperature Polycrystalline Oxide (LTPO), an increase in the proportion of sales for automotive electronics, and the expansion of OLED-applied IT devices are expected, leading to performance growth."

He added, "To respond to the increasing demand, expansion of the Vietnam factory is planned, and it is estimated that land acquisition and other preparations have been completed," concluding, "It is judged that BH will continue to maintain a competitive advantage over competitors through rapid production capacity expansion in the future."

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