Hi Investment & Securities maintained its target price of KRW 43,000 and its investment opinion of "buy" for Amotech, saying mass production of MLCC (Multi-layer Ceramic Condenser) and expansion of electronic components are investment points.
Hi Investment & Securities said, "Mass production of Chinese telecommunications equipment maker MLCC began in the third quarter of last year," and analyzed, "Mass production of MLCCs of large domestic companies is being prepared.".
"The timing is scheduled as early as the first quarter of next year, and next year's sales plan is 70 billion won, and with this appearance, it is estimated that we will be able to achieve a double-digit margin," Hi Investment & Securities Co. said. "If mass production of MLCCs begins in earnest and fixed costs are offset, the profit improvement could be steeper than expected,"
Hi Investment & Securities said. "This is why the timing of mass production is an inflection point in the stock price.".
Hi Investment & Securities said, "Electric components are showing solid growth," adding, "Sales related to this are expected to be 105.2 billion won this year and 130 billion won next year.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
