[Click eStock] "Woojin, Supplier of Key Nuclear Power Plant Components"

Shinyoung Securities analyzed on the 11th that Woojin is expected to benefit from the revitalization of the nuclear power industry.

Woojin is a company engaged in the maintenance and manufacturing of industrial measuring instrument control equipment. Woojin exclusively supplies the four core measuring instruments installed in the reactors of major domestic nuclear power plants.

Kwon Deok-min, a researcher at Shinyoung Securities, explained, "The main factors driving sales growth are the increase in nuclear power utilization rates and the construction or commercial operation introduction of new nuclear power plants," adding, "Nuclear-friendly policies are being implemented, and as a result, the construction of new large-scale nuclear power plants has resumed."

He continued, "As more large nuclear power plants are added, the replacement cycle of core measuring instruments required for reactors increases," and "Woojin's fixed sales scale will grow."

It is estimated that this year’s sales will reach 145.5 billion KRW and operating profit 14.5 billion KRW, representing increases of 17.3% and 22.3%, respectively, compared to the previous year. Shinyoung Securities newly issued a 'Buy' investment opinion and a target price of 12,000 KRW for Woojin.

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