On the 2nd, Yuanta Securities maintained a 'buy' rating on Wonik QnC and raised its target price to 45,000 won, saying, "The operating profit for the second quarter is expected to be renewed at an all-time high of 23.4 billion won."
"Benefits were concentrated as demand for consumable process parts increased as 3D NAND and foundry companies competed for facility investment costs," said Yuanta Securities "Not only Samsung Electronics and SK Hynix, but also the expansion of TSMC in Taiwan is having a positive effect on their performance.".
Yuanta Securities said, "The turnaround of quartzware performance and consolidated subsidiary MOMQ (Momentive) is faster than expected," adding, "We will raise our 21-year consolidated operating profit estimate from 75.6 billion won to 87.1 billion won.".
"In 2022, consolidated sales and operating profit will reach 6,726 billion won and 1,100 billion won, respectively, and will achieve 1,000 billion won in operating profit for the first time since its foundation," said Yuanta Securities "The introduction of the Coating process with high barriers to entry is expected to accelerate the expansion of its market share.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com