[Click eStock] "TCK Expected to Achieve Record-High Results Next Year... Target Price Raised"

Yuanta Securities analyzed on November 7 that TCK is expected to achieve record-high results next year. The firm maintained its "Buy" investment rating and raised its target price to 224,000 won.

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Yuanta Securities projected that TCK's sales and operating profit next year will reach 380 billion won and 116.5 billion won, respectively, representing year-on-year increases of 21.5% and 31.4%. Baek Gilhyeon, a researcher at Yuanta Securities, stated, "The global NAND demand bit growth rate in 2026 is estimated at 17.1%, which is an expansion in growth compared to the previous year," adding, "Record-high performance is expected due to increased demand from Chinese customers compared to last year."

He further emphasized, "Considering the current production capacity and utilization rate at the Anseong plant, it is expected that the company will complete the purchase of a new site in Anseong within this year and begin ordering CVD chambers to secure additional capacity." He added, "The new site is estimated to be about 30-40% larger than the existing one, and as a result, the annual sales capacity, including the new plant, is expected to approach 1 trillion won."

The company also forecasted that sales and operating profit for the fourth quarter of this year will reach 82.5 billion won and 23.3 billion won, respectively, representing year-on-year increases of 13.4% and 13.5%. He explained, "This is due to the continued expansion of orders from major customer L, sustained demand from Japanese customer A, and the completion of inventory adjustments by key Chinese customers, following the previous quarter."

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