Samsung Securities maintained its target stock price at 68,000 won, analyzing that Hana Materials'third-quarter earnings exceeded market expectations due to the growth of the larger-than-expected Silicon Parts market.
Investment opinions also remained 'buy'.
"Hana Materials' third-quarter sales rose 49 percent year-on-year to 72.7 billion won and operating profit rose 80 percent to 22.4 billion won, exceeding market expectations," Samsung Securities said. "The biggest reason for sales growth was due to the silicon parts market, which was favorable compared to previous estimates.".
"In addition, SiC ring sales exceeded expectations, and the strong expansion of sales for U.S. equipment also had a positive impact on its performance," Samsung Securities said. "In particular, sales of U.S. equipment-oriented silicon parts have begun to expand from the third quarter.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
