Published 21 Mar.2024 08:57(KST)
Kiwoom Securities forecasted on the 21st that the stock price of Isu Petasys, a manufacturer of multi-layer printed circuit boards (MLB), will continue to rise thanks to stable orders from big tech customers and the effects of capacity expansion. MLB refers to printed circuit boards (PCBs) stacked in multiple layers. It is a high value-added PCB product supplied to AI accelerators and others.
Kim Sowon, an analyst at Kiwoom Securities, stated in a report on the same day, "The sales proportion for AI accelerator products increased from 9% in 2022 to 29% last year, and is expected to expand to 36% this year," adding, "As AI becomes a mega trend, the market share for big tech companies like Nvidia and Google will increase."
Analyst Kim predicted, "Sales of AI accelerator products will grow by about 43% this year," and "Profitability will also improve as the proportion of high value-added products increases." Furthermore, he said, "With the new production line starting full-scale operation from the second quarter this year, the sales growth rate will increase significantly," and evaluated, "Considering the capacity expansion, annual sales of over approximately 950 billion KRW on a consolidated basis will also be possible."
He stated, "Isu Petasys will be re-evaluated in terms of corporate value amid the AI mega trend," and newly issued a 'Buy' investment opinion with a target stock price of "50,000 KRW."
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