Samsung Securities maintained its 'buy' opinion on Haesung DS on the 1st and offered its target price at 48,000 won.
Haesung DS is a material and parts company that produces and sells lead frames related to semiconductors for vehicles and package substrates for semiconductors.
Consolidated sales of Haesung DS in the first quarter increased by 30.2 billion won (28.14%) to 137.5 billion won compared to the first quarter of last year.
"We expect Haesung DS's sales to grow every quarter due to changes in the inventory policy of automakers and high growth in demand for electric vehicles,"
Samsung Securities said. "It is expected to increase automotive semiconductor production after June to bridge the gap between demand and supply of global automakers.".
Samsung Securities forecast Haesung DS'total sales this year to be 60.3 billion won, up 14.4 billion won (31.37%) from a year earlier. This year's total operating profit is expected to increase by 900 million won (20.45%) to 5.3 billion won.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com