[Click eStock] "Daeduck Electronics' Q3 Operating Profit Exceeds Expectations"

On November 5, Daishin Securities stated that Daeduck Electronics' third-quarter results for this year exceeded market expectations and projected that the company would continue to grow next year. The target price was raised by 17.5% to 47,000 won.

In the third quarter of this year, Daeduck Electronics recorded sales of 286.2 billion won and operating profit of 24.5 billion won. Compared to the same period last year, these figures represent increases of 23% and 165%, respectively.

Park Kangho, a researcher at Daishin Securities, said, "Operating profit surpassed the market consensus of 16.9 billion won," and explained, "Sales of memory package products increased by 24.2% quarter-on-quarter, driving overall growth."

He added, "Reflecting the strong third-quarter performance, we estimate that this year's sales will reach 1.0399 trillion won," and projected, "Next year, sales are expected to reach 1.1987 trillion won."

He analyzed, "The utilization rate in the flip-chip ball grid array (FC-BGA) segment is improving rapidly, and the company is expected to reach breakeven in the first quarter of next year." He also emphasized, "With Samsung Electronics securing orders for Tesla's autonomous driving AI5 and AI6 semiconductors, additional sales are anticipated."

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