[Infostock Daily=Reporter Lee Dong-hoon] Leading Investment & Securities presented its investment opinion of 'Buy' on Kaon Media and the target price at 53,400 won.
The securities firm analyzed, "The company's sales are doubling every year as network demand expands due to the 4th Industrial Revolution and COVID-19. The proportion of Korea is expected to expand to 20% due to new sales from Japanese and domestic telecommunication companies."
The firm forecasted, "Antenna built-in 'Wi-Fi6 AP' is supplied to LGU+. The antenaa has equal or higher performance compared to external antenna. It will be supplied to KT and SK broadband in the future. Estimated revenue from the supply of AP routers is 20 billion won and is expected to expand to 80 billion won in the future."
Consolidated sales are expected to reach 638.6 billion won, operating profit of 33.2 billion won and control net profit of 24.9 billion won in 2021. In particular, Kaon Broadband is estimated to have more than 250 billion won in sales this year and more than 100 million won for the value of Kaon Broadband alone due to securing new customers in Japan and Korea.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
