[Click eStock] "Jahwa Electronics Enters Best Growth Phase This Year"

[Asia Economy Reporter Jang Hyowon] Daishin Securities raised the target price for Jahwa Electronics from 33,000 KRW to 40,000 KRW on the 17th, stating that the company is entering its highest growth phase this year.

Park Kangho, a researcher at Daishin Securities, explained in a report on the same day, "Apple has adopted a folded zoom camera for the first time," adding, "Jahwa Electronics' Optical Image Stabilization (OIS) component may be applied to Apple's premium model, the 'Pro Max.'"

Researcher Park Kangho forecasted, "If Jahwa Electronics secures a stable OIS market share within Samsung Electronics and begins new supply to Apple, this year's sales are expected to reach 505.4 billion KRW, a 72.9% increase compared to the previous year," and added, "There is also a possibility of supplying OIS to Chinese smartphone manufacturers."

On the 15th, Jahwa Electronics reported a provisional operating loss of 11.9 billion KRW last year, turning to a deficit compared to the previous year. Sales also decreased by 16% year-on-year to 292.3 billion KRW. The net loss for the same period was recorded at 44.1 billion KRW.

Researcher Park said, "Sales in the fourth quarter exceeded expectations due to supplying OIS to Samsung Electronics' Galaxy S23," but added, "The operating loss exceeded expectations due to increased costs from new facility investments."

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