[Click eStock] "VM to Benefit from New SK hynix Investments... Target Price Raised"

Raised to 63,000 Won

On March 19, Hana Securities maintained its "Buy" investment rating on VM and raised its target price to 63,000 won.

Rokho Kim, a researcher at Hana Securities, stated, "With the completion of new fabs (semiconductor production facilities) by the three major memory companies next year, the visibility of top-line growth has been reflected in the share price." He added, "Domestic equipment companies are also expected to benefit from this, so I believe their valuations should be revised upward in line with global equipment companies."

Kim also noted that VM is experiencing stronger-than-expected benefits from SK hynix’s new investments in M15X and process miniaturization. He explained that a larger number of VM’s equipment is being installed in the new lines compared to other process equipment, and based on higher-than-expected revenue, operating margin is also expected to improve significantly.

He forecast that this year’s revenue will reach 255.3 billion won and operating profit will be 68.1 billion won, up 77% and 176%, respectively, from the previous year.

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