BH price target increased, “increased supply of parts for new smartphones at home and abroad” (Hyundai Motor Securities)
BH price target increased, “increased supply of parts for new smartphones at home and abroad” (Hyundai Motor Securities)
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  • 승인 2021.09.13 13:20
  • 최종수정 2021.09.12 05:45
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비에이치 CI.
비에이치 CI.

The target price of BH has increased.

The supply of parts is expected to increase sharply due to the launch of foldable smartphones by South Korean smartphone makers and new products by North American smartphone makers.

Hyundai Motor Securities raised its target price of BH from 25,000 won to 28,000 won. The investment opinion maintained a 'buy'.

BH is a company that manufactures, sells, and exports soft printed circuit boards (FPCB) used in OLED. Apple, Samsung Electronics, and LG Electronics are the main customers.

"With the launch of new products by North American and South Korean smartphone makers in the second half of the year, BH is expected to generate its biggest sales and operating profit this year as its supply performance is fully reflected," Hyundai Motor Securities said.

Hyundai Motor Securities said, "The new iPhone product is expected to improve display specifications, which will favorablely affect the price per unit product supplied by BH.".

Apple is expected to employ Y-Octa, a technology that makes the display thinner on the new iPhone display.

BH is expected to generate sales of 913 billion won and operating profit of 53 billion won on a consolidated basis in 2021. Sales are up 26.6% and operating profit is up 55.2% from 2020.

Reporter Lee Ji-sun stockmk2020@gmail.com


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