Hi Investment & Securities noted that Amotech mass-produced MLCCs against Chinese telecommunication equipment companies on the 20th.
The target price was 43,000 won and the investment opinion remained 'buy'.
"It has been four years since we decided to enter the MLCC market in 2018. The quantity is not much, but we will supply it to large domestic companies," Hi Investment & Securities said. "For the planned items, the final inspection has been completed.
Next year's sales plan is 70 billion won and about 12 billion won will be spent annually to prepare for the MLCC project. The pace of profitability improvement will accelerate every quarter.".
Hi Investment & Securities said, "The sales of electric parts will increase from 112.2 billion won this year to 138 billion won next year," adding, "Motor sales are expected to increase from 58 billion won this year to 72 billion won next year, with a goal of 120 billion won in four years.".
Hi Investment & Securities said, "The third-quarter performance is expected to be around 4 billion won, similar to market expectations.
By sector, antenna sales are expected to be 39.3 billion won, and Z Flip's wireless charging module is better than expected, and this atmosphere is likely to continue until the fourth quarter.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
