[Special Stock] Jaeyeong Solutec Expected to Turn Around with Increased OIS Proportion '↑'
Jaeyoung Solutek is showing strong performance. It appears that securities firms' analysis, which expects improved earnings due to the expanded sales proportion of Optical Image Stabilization (OIS) devices, has influenced this trend.
As of 10:12 AM on the 8th, Jaeyoung Solutek was trading at 695 KRW, up 39 KRW (5.95%) compared to the previous trading day.
KB Securities forecasted that Jaeyoung Solutek's sales this year will reach 155 billion KRW, and operating profit will be 15.8 billion KRW, representing increases of 44.6% and 222.4% respectively compared to the previous year.
Hyunkyum Kim, a researcher at KB Securities, stated, "Jaeyoung Solutek's cash cow, the encoder, and the growing share of OIS will drive earnings," adding, "Last year, OIS was introduced in the Galaxy S23 FE, and this year it is being supplied to the Galaxy A55 as well, benefiting from the strategy to expand OIS supply to mid-range models of client companies."
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He explained, "We succeeded in entering the OIS segment of major clients' flagship lines last year," and added, "This year and next, it is highly likely that new entries will be made due to specification upgrades of clients' flagship models (Folder, FlipZ, S series)." He further analyzed, "With the expansion of the Vietnam factory, a production capacity of 3.6 million OIS units per month (43.2 million units annually) has already been secured, so increased utilization rates are expected to lead to sales growth and profitability."
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