[Click eStock] "JV M, Export Growth Confirmed Once Again"

IBK Investment & Securities analyzed on the 19th that JV M's export growth trend will be confirmed again in the fourth quarter results of last year. The investment opinion 'Buy' and the target price of 42,000 KRW were maintained.

IBK Investment & Securities forecasted that JV M will record sales of 42.8 billion KRW and operating profit of 9.6 billion KRW in the fourth quarter of last year, representing increases of 9% and 62% respectively compared to the same period last year.

Researcher Geonjae Lee of IBK Investment & Securities said, "Among the expected fourth quarter results, operating profit is a surprise, and sales are in line with consensus," adding, "The investment point of the fourth quarter results is the high operating profit margin, which is due to the expansion of export growth in line with the seasonal peak."

Along with this, export volume is expected to continue increasing.

He stated, "JV M recently succeeded in 100% automation by mounting a robotic arm on large ATDPS equipment, and MENITH's sales to Europe have begun," and "The strong export performance in the fourth quarter is expected to have appeared in both Europe and North America, the company's key export regions, and this year will be the first year when exports surpass domestic sales."

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