[Click eStock] "Unisem, Expecting Performance Improvement This Year"

Yuanta Securities analyzed on the 14th that performance improvement is expected for Unisem this year. No investment opinion or target price was presented.

Unisem is primarily engaged in the business of scrubbers, which are harmful gas purification devices generated during semiconductor and display manufacturing processes, and chillers, which are temperature control devices that maintain a constant temperature during semiconductor processes. Last year, it recorded sales of 225 billion KRW and an operating profit of 11.95 billion KRW, representing decreases of 3.1% and 31.3% respectively compared to the previous year. Myungjun Kwon, a researcher at Yuanta Securities, said, "It is estimated that the reduction and delay in capital investment by major customers are important factors."

He added, "With the trend of strengthening environmental regulations, the type of scrubbers is shifting from Burn to Plasma, Heat, and others to reduce carbon emissions. As the proportion of plasma methods in Samsung Electronics' new fabs is expected to expand, it is anticipated to contribute to the improvement of Unisem's average selling price (ASP) and profit margin."

Researcher Kwon explained, "Chillers are materials co-developed with etching equipment, and research and development (R&D) with global etching companies began in 2023, successfully leading to product development. Global equipment manufacturers are developing ultra-low temperature etching equipment, and it is important to note the high possibility of expansion from NAND to DRAM." He emphasized, "Since ultra-low temperature chillers have a higher ASP compared to existing refrigerant products, they are expected to contribute to performance improvement."

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