DB Financial Investment maintained its target stock price of 55,000 won and investment opinion 'buy' on SFA, saying its fourth-quarter earnings will begin to rebound in earnest.
DB Financial Investment analyzed, "The fourth-quarter earnings are expected to rebound in earnest with sales of 453.9 billion won and operating profit of 60.6 billion won.".
DB Financial Investment said, "While new orders for displays are still limited, the supply of non-display-oriented equipment is expected to increase due to large-scale equipment orders such as secondary battery-oriented logistics equipment, 3D CT non-destructive inspection machines, AI exterior inspectors, customer expansion of semiconductor equipment, and payment of general logistics equipment for large customers.".
"Its annual performance is expected to improve significantly to 1.87 trillion won in sales and 252.6 billion won in operating profit next year," DB Financial Investment said. "Amid limited orders for new displays, it is expected to diversify customers for semiconductor logistics equipment, diversify products for secondary battery equipment, and increase new orders for general logistics equipment for large customers.".
"Next year, new orders for displays, semiconductors, secondary batteries and general logistics will take place on a similar scale, and a stable product portfolio will be established," DB Financial Investment predicted.
DB Financial Investment added, "SFA is starting to rebound in earnest due to rechargeable battery and semiconductor equipment, expansion of general logistics-oriented customers and diversification of equipment groups.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
