[Featured Stock] "Earnings Improvement Expected" PI Cheomdan Somae Leads with Over 14% Gain
"Recovery in Smartphone Demand and Customer Inventory Accumulation"
The stock price of PI Advanced Materials, the world's No. 1 producer of polyimide (PI) film, is strong on the 8th. As of 9:42 a.m. that day, PI Advanced Materials was trading at 26,800 KRW, up 3,400 KRW (14.53%) from the previous trading day.
Kim Sowon, a researcher at Kiwoom Securities, said, "Operating profit in the first quarter was 2.5 billion KRW, below market expectations, but the earnings bottom has passed," adding, "Operating profit in the second quarter is expected to be 13.5 billion KRW, which is anticipated to be an earnings surprise."
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He stated, "Improvements in the global smartphone market and recovery in sales for heat dissipation sheets will become evident. With improved operating rates and stabilization of raw material prices, profitability is expected to normalize for the first time in six quarters," and added, "Given the recovery of the downstream industries and the mid- to long-term benefits from the increasing penetration of on-device artificial intelligence (AI) smartphones, we recommend increasing exposure."
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