[Infostock Daily= Reporter An Hoe Hyun] On the 18th, SK Securities maintained its 'Buy' investment opinion on Seojin System and raised its target stock price by 10.9% to 51,000 won.
"Considering that the average 12-month price earning ratio(PER) of Korea's leading telecommunication equipment makers is about 22~23 times, Seojin System is still undervalued," the company explained, adding, "With the news of large-scale overseas orders from domestic telecommunication equipment companies in September last year, PER of Seojin System has increased by about 20 times, so it is not burdensome."
"With the resumption of investment in 5G telecommunication services, which had been delayed due to the global spread of COVID-19, the growth trend in the telecommunication equipment sector is expected to return to normal," the company said, adding, "We expect to make strides in the semiconductor equipment parts sector due to increased demand for semiconductor equipment and external growth due to diversification of customers along with the recovery of ESS business."
Reporter An Hoe Hyun ahh@infostock.co.kr
