Regarding Seoul Semiconductor on the 17th, Kiwoom Securities maintained its investment opinion as 'buy' and target stock price as 25,000 won, saying, "The outlook for the second quarter is positive following the positive performance in the first quarter.".
Kiwoom Securities analyzed that Seoul Semiconductor will continue to improve its product mix as supply of Mini and Micro LED will begin in earnest in the second quarter following positive performance in the first quarter.
Kiwoom Securities estimated sales of KRW 339.3 billion and operating profit of KRW 24.8 billion in the second quarter as it is expected to have a good ASP stance, including raising the selling price of new products by Seoul Semiconductor.
"There are only four to five companies that can supply mini-LEDs worldwide, and since Taiwanese companies are responding to Tablets and laptops first, Micro-LED will start sales for ultra-large signage for overseas customers," Kiwoom Securities predicted.
Kiwoom Securities said, "Automobile lighting sales are expected to grow 36% this year," adding, "We are expected to solidify our global top 3 position as the competitiveness of second-generation products such as Wicop, SunLike, and UV is improving.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
