Shinhan Financial Investment said on the 14th that RFHIC's sales growth will accelerate in the second half of the year, offering its investment opinion 'buy' and target stock price of 55,000 won.
Shinhan Financial Investment expects RFHIC's estimated second-quarter sales to grow 108% year-on-year to 30.6 billion won and operating profit to 3.3 billion won. It is analyzed that the performance will recover in earnest from the second quarter.
"This year's estimated sales are expected to rise 85 percent on-year to 130.3 billion won and 13.4 billion won in operating profit," Shinhan Investment said. "Both CBRS and C-band products are expanding, and we are also supplying a small amount of 4G products for Japanese (KDDI) and India.".
"We expect additional supply from Korea, Canada (Telus), and Japan (DoCoMo) in addition to the current supply, and the supply volume is expected to increase in earnest from early 2022," Shinhan Financial Investment said. "The first supply of products to Nokia is also preparing for the fourth quarter, and we expect to diversify our customers besides Samsung Electronics.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
