Wonik QnC, a semiconductor material company, maintained a 'buy' opinion.
Demand for semiconductor materials such as quartz from Wonik QnC is steadily increasing at home and abroad, and its subsidiary's performance is also improving.
Shinhan Financial Investment maintained its target price of 42,000 won for Wonik QnC and investment opinion 'BUY' on the 15th.
"The third-quarter sales of Wonik QnC exceeded market expectations," said Shinhan Financial Investment. "The supply of semiconductor materials to domestic and foreign customers continues to increase.".
Wonik QnC's consolidated sales in the third quarter were 158.7 billion won and operating profit was 26.7 billion won, up 21% from the third quarter of last year, and operating profit was 77%.
"Taiwanese corporate facility investment executed by Wonik QnC in preparation for increased demand for semiconductor materials from overseas customers will also be completed in the first half of 2022," Shinhan Financial Investment said.
Wonik QnC is expected to generate 619.7 billion won in sales and 96.3 billion won in operating profit on a consolidated basis in 2021. Compared to 2020, sales and operating profit increased by 17.9% and 133.7%.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
