[Click eStock] "Hanmi Semiconductor to Strengthen Position in Bonder Market... Target Price Maintained"

Sangsangin Securities evaluated on the 15th that Hanmi Semiconductor's position in the bonder market will remain solid. They maintained a 'Buy' investment rating and a target price of 220,000 KRW.

Jung Min-gyu, a researcher at Sangsangin Securities, stated, "Hanmi Semiconductor's 2nd quarter sales increased by 159% year-on-year to 127.1 billion KRW, and operating profit rose by 327% during the same period to 47.8 billion KRW, slightly below the market expectation of 51.6 billion KRW. Due to the recognition of sales for the high-bandwidth memory (HBM) 3E TC bonder being partially deferred to the 3rd quarter, we forecast bonder sales to be 87.2 billion KRW, 8.4% lower than initially expected."

Researcher Jung also assessed that the benefits from the growth of the HBM market will continue. He said, "As HBM expands from data centers and servers to various artificial intelligence (AI) devices, mid- to long-term benefits from the rapid growth of the downstream market are expected. Collaboration with clients and equipment development for HBM4 is already underway, and a high market share will be continuously maintained." He added, "It is understood that discussions on the commercialization of HBM within the industry have begun, and the future HBM bit shipment market share is expected to surge."

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