[Click eStock] "Goyoung, Additional Sales Expected for Brain Surgery Robot"

On the 21st, Eugene Investment & Securities maintained a target price of 19,000 KRW for Goyoung, expecting additional sales of brain surgery robots.

The previous day, Goyoung announced its Q2 consolidated results with sales of 53.5 billion KRW and operating profit of 3.1 billion KRW, representing decreases of 17.9% and 67.7% respectively compared to the same period last year. These results fell short of Eugene Investment & Securities' estimates of 64.3 billion KRW in sales and 9.8 billion KRW in operating profit.

Researcher Park Jong-sun of Eugene Investment & Securities explained, "The poor performance was due to a slowdown in investment caused by global economic uncertainties. By product, the new business segment including 3D SPI, 3D AOI, and semiconductor inspection equipment showed declines; by industry, sales in automotive, mobile, and server sectors decreased; and by region, sales dropped in Korea, the US, and China."

Researcher Park added, "On a positive note, IoT device sales achieved a record high of 18.8 billion KRW, up 3.4% year-on-year, and domestic customer supply of semiconductor inspection equipment (Meister) has been confirmed. Additionally, the Meister W series is expected to enter mass production in the second half of the year for global semiconductor customers, and for the brain surgery medical robot (KYMERO), beyond the existing supply of three units, an additional four units are expected to be supplied in the second half, which is positive."

He continued, "Our estimated Q3 consolidated results are sales of 72.9 billion KRW and operating profit of 11.6 billion KRW, maintaining the same level as the previous year. In the second half, demand for MOI equipment for semiconductor inspection and global automotive electronic customers is expected to recover, and two brain surgery medical robots are anticipated to be supplied to St. Vincent's Hospital and Incheon St. Mary's Hospital," he forecasted.

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