DB Financial Investment maintained its target stock price of 55,000 won and investment opinion 'buy', saying it expects to renew its biggest performance next year for Innox advanced materials.
DB Financial Investment analyzed, "The fourth quarter's performance is expected to continue in the off-season with sales of 139.5 billion won and operating profit of 29.4 billion won.".
"Although December is a traditional year-end inventory adjustment period, inventory adjustment of OLED-related parts is expected to be modest compared to the previous year due to increased supply of panels for LG Display WOLED TVs, strong sales of new iPhone and Samsung Electronics' foldable smartphones and increased sales of small and medium-sized parts in China," said DB Financial Investment.
"Its annual performance is expected to achieve record-high performance this year with sales of KRW 484.6 billion and operating profit of KRW 93.7 billion," DB Financial Investment said.
"INNOLED sales are expected to increase 81.4% year-on-year to KRW 282 billion this year due to the increased supply of bag materials for large OLED TVs and the expansion of products and customers for small and medium-sized OLEDs.".
DB Financial Investment predicted, "Samsung Electronics is expected to renew its maximum performance with sales of 575 billion won and operating profit of 122.6 billion won next year due to strong sales of new foldable smartphones.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com