[Click eStock] "Pine M Tech, the Ultimate Built-in Hinge Leader... Momentum Heaven"

Hanyang Securities analyzed on the 15th that Fine M Tech is overflowing with momentum as the strongest player in built-in hinges.

Lee Joon-seok, a researcher at Hanyang Securities, stated in a report on the same day, “The third-quarter earnings this year fell short of market consensus as the high interest rate environment affected private consumption, leading to a decrease in demand for new foldable phones,” and forecasted, “After this impact continues through the fourth quarter, private consumption is expected to recover from next year due to expectations of a US interest rate cut.”

He said, “Foldable phones have grown by 73.6% annually since their launch in 2019,” and analyzed, “Next year, they are expected to increase by 38% to 25.2 million units, which is expected to expand the earnings of major foldable phone component companies. The overseas sales ratio, including China, which accounts for about 10% of the company’s sales, is also expected to rise to the 20% range next year, indicating potential for overseas expansion.”

He also stated, “The company’s scale can expand solely due to the growth of the foldable phone market, but along with its core business, sales of external hinges and secondary battery parts EV Module Housing will also begin in earnest from 2024,” and forecasted, “Secondary battery parts are estimated to have generated some sales in the fourth quarter toward domestic cell makers, and the volume of orders already received will contribute significantly to sales starting next year.”

He added, “External hinges will directly benefit from the diversification of supply sources of client companies,” and “The adoption of foldable technology in various application devices is also a promising factor.”

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