[Click eStock] "PSK, Record-Breaking Performance Streak... Target Price Up"

Shinhan Investment Corp. analyzed on the 22nd that PSK Holdings continues to achieve record-high performance. The investment opinion was maintained as 'Buy,' and the target price was raised to 74,000 KRW.

Shinhan Investment Corp. forecasted that PSK Holdings' sales and operating profit in the fourth quarter of last year would be 81.6 billion KRW and 32.3 billion KRW, respectively, representing increases of 108.9% and 126.1% compared to the same period last year.

Namgung Hyun, a researcher at Shinhan Investment Corp., said, "The background is the expansion of production capacity (Capa) for high-bandwidth memory (HBM) by memory companies and the continued capacity expansion of non-memory by Chinese companies," adding, "However, there is also an effect reflecting sales delayed from the third quarter."

This year's expected sales and operating profit are 238.1 billion KRW and 94.9 billion KRW, respectively, which are increases of 19.5% and 22.4% compared to the previous year.

He explained, "Due to the increased demand for application-specific integrated circuits (ASIC) from global big tech companies, capacity expansion focused on post-processing by manufacturers is expected to continue amid supply-demand imbalance," and "With the visibility of expanded advanced post-processing CapEx by Chinese companies, a trickle-down effect is anticipated."

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