Shinhan Investment maintained its investment opinion 'buy' and target stock price of 23,500 won on the 21st, saying BH's sales growth of FPCBs for 5G and electric vehicle batteries has begun in earnest.
Shinhan Investment said, "It has recorded two consecutive quarters of earnings shock," and analyzed, "It is due to a large deficit in mid- to low-priced FPCBs."
In particular, Shinhan Financial Investment explained, "The shock of the spread of Covid-19 last year caused problems in operating its Chinese factory."
Shinhan Investment said profitability is expected to rebound in the second quarter as production has been on the rise since 2Q21, predicting that operating profit or loss will be reduced in the second quarter and that earnings will improve for six consecutive quarters from the third quarter.
"In the second half of the year, a full-fledged rebound in performance is possible," Shinhan Financial Investment said. "North American manufacturers' smartphones are likely to increase demand for parts due to their early release of smartphones this year."
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
