[Market Focus] Wonik IPS Surges Over 12% on Samsung Electronics Boost

On August 8, shares of Wonik IPS, a semiconductor equipment manufacturer, surged. The rise is attributed to growing expectations of benefits following news that Samsung Electronics has secured an Apple contract.

As of 2:00 p.m. on this day, Wonik IPS was trading at 35,750 won, up 4,050 won (12.78%) from the previous trading day.

This is believed to be due to reports that Samsung Electronics has secured Apple as a foundry (semiconductor contract manufacturing) client. While Apple has not disclosed specific products or contract volumes, industry sources believe the deal involves image sensors to be used in new iPhone models.

Additionally, strong second-quarter results appear to have boosted investor sentiment.

On August 7, Wonik IPS announced in a regulatory filing that its operating profit for the second quarter of this year was provisionally estimated at 36.5 billion won, marking a turnaround from an operating loss of 3.1 billion won in the same period last year.

Revenue reached 242.2 billion won, up 56.34% year-on-year. Net profit increased by 293.59% to 27.7 billion won.

Lee Minhee, a researcher at BNK Securities, stated in a report released on this day, "With the operation of Samsung Electronics' Taylor Fab in the United States, which had been delayed, now expected to begin in the second half of next year, we anticipate equipment orders at the end of this year and contributions to next year's earnings. We are raising our target price to 41,000 won, reflecting expectations of increased new orders and improved performance next year."

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