SK Securities said that Hanmi Semiconductor, a producer of semiconductor post-processing equipment, performed well as expected in the first quarter and raised its target price to 40,000 won.
The securities said sales on a separate basis increased by 80% compared to the same period last year and operating profit increased by 162%.
Hanmi Semiconductor recorded separate sales of 70.5 billion won, operating profit of 19.5 billion won, and operating profit ratio of 26.3% in the first quarter.
Vision Placement, the main equipment of Hanmi Semiconductor, is an essential equipment for the packaging process that performs cutting, washing, drying, 3D vision inspection, screening and loading functions of semiconductor packages, and is ranked No. 1 in global market share
Since September last year, when talks of a shortage of foundry supply began, the amount of orders won by South Korea-U.S. semiconductors began to increase.
Based on the disclosure, orders from September to December 2020 were 77.2 billion won and total orders by 2020 were 121.9 billion won.
As the delivery period is set to begin in earnest in the second quarter, sales in the second quarter are expected to rise 46 percent year-on-year to 90.6 billion won and operating profit to rise 36 percent to 27.3 billion won.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
