[Click eStock] "Jaeyoung Solutec, Clear Earnings Growth... Stock Undervalued Zone"
The Korea IR Association diagnosed on the 30th that Jaeyoung Solutec is expected to show clear performance growth this year and that its stock price is undervalued compared to its performance improvement.
Baek Jong-seok, a researcher at the Korea IR Association, explained in a report on the same day, “Global smartphone shipments in the third quarter of this year recorded 316 million units, a 4.0% increase compared to the same period last year,” adding, “Despite global economic concerns, shipments increased for five consecutive quarters compared to the previous quarter.”
Researcher Baek stated, “The advancement of camera functions in smartphones is ongoing, and the camera functions of the Apple iPhone 16 released this year have also improved compared to its predecessor,” and predicted, “From the perspective of smartphone manufacturers, the improvement of camera functions helps marketing to promote product sales, so the pursuit of marketing through camera function enhancement will continue in the future.”
He analyzed, “Jaeyoung Solutec’s annual sales and operating profit this year are expected to be 140.2 billion KRW and 12.1 billion KRW respectively, increasing by 30.8% and 147.4% compared to the previous year,” and added, “The sales growth is expected to be due to an increase in the adoption of high value-added actuators by major customers, expansion of Jaeyoung Solutec’s supply volume, and a rise in the proportion of high value-added products.”
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He continued, “Operating profit will realize a significantly increased 12.1 billion KRW compared to the previous year due to the expansion of the product lineup and improvement of the product mix,” and added, “However, the stock price is sluggish compared to the performance improvement, and to reduce the market exclusion phenomenon, it is judged necessary to materialize new businesses or demonstrate differentiated performance centered on new products in 2025.”
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