[Infostock Daily=Reporter Lee Dong-hoon] Hi Investment & Securities maintained its investment opinion of 'Buy' on PI Advanced Materials and raised the target stock price to 57,000 won.
"In addition to the recovery of the smartphone market this year, sales growth is expected due to the expansion of applications for 5G, electric vehicle batteries, foldable phone OLED panels, etc. PI films, and supply and demand are tight, so profitability improvement is expected in the future," stated Hi Investment & Securities.
Above all, PI film applications will be the driving force behind sales growth as its application are rapidly expending to 5G, electric vehicle batteries, and foldable phone OLED panels etc..
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
