NH Investment & Securities raised KH Vatec's investment opinion of 'Buy' and target price from 33,000 won to 37,000 won.
The securities firm explained that the upward revision of its target stock price was due to the upward revision of its 2022 earnings outlook by raising its forecast for shipments of foldable smartphones by its customers in 2022.
Considering the strong sales of foldable smartphones, the company raised its shipments of foldable smartphones by about 11.5% in 2022 from existing 1,570 units to 1,750 units, raising the company's operating profit by 11% in 2022 and raising its net profit per share by 12.3%.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
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