Soulbrain, target price is 450,000 won. Expected performance growth (Shinhan Financial Investment)

Shinhan Financial Investment Corp. started coverage by offering its investment opinion on Soulbrain at 'buy' and its target price at 450,000 won.

"Soulbrain recorded 239.2 billion won in sales and 50.5 billion won in operating profit in the first quarter," Shinhan Investment Corp. said.

However, Shinhan Financial Investment predicted that Soulbrain is expected to see steady earnings growth with its first quarter at its low point.

"Soulbrain is expected to generate 1.791 trillion won in sales and 242.7 billion won in operating profit this year," Shinhan Investment Corp said. "It is estimated to reflect the customer's NAND investment, Double Stacking application, the DRAM business, and the opening of the large battery market.".

Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com