[Infostock Daily= Reporter An Hoe Hyun] On the 26th, Hanwha Investment & Securities maintained its investment opinion 'Buy' and raised its target stock price to KRW 63,000 for WONIK IPS, saying that customers' memory investments and mid- to long-term foundry investments are expected to appear at the same time following the semiconductor rise cycle.
"This year, we expect estimated sales of 1.3 trillion won and operating profit of 218.8 billion won," the company predicted, adding, "Like other semiconductor equipment makers, we believe that benefits from the expansion of customers' investment in facilities will come in earnest."
First of all, large-scale NAND investment by Samsung Electronics is expected in the first half of the year. DRAM is expected to increase its investment in the second half of the year. SK Hynix also predicted new investments in M16 DRAM and NAND conversion investments. Foundry sales are estimated to grow more than 30% year-on-year.
"We are expecting an upward cycle in semiconductors as DRAM prices are starting to rise and the drop in NAND prices is also shrinking," the company explained, adding, "It is expected to exceed 3 trillion won in market capitalization as a major stock in the domestic semiconductor equipment industry."
Reporter An Hoe Hyun ahh@infostock.co.kr
