eBEST Investment & Securities expects NAND performance recovery for SoulBrain
Kim Minyoung
kimmy@alphabiz.co.kr | 2024-05-21 03:46:41
SoulBrain (photo=SoulBrain)
[Alpha Biz= Reporter Kim Minyoung] eBEST Investment & Securities maintained its target stock price of 410,000 won on the 20th, saying SoulBrain's NAND earnings recovery is accelerating.
"SoulBrain's consolidated performance is estimated at 948.5 billion won in sales and 190.4 billion won in operating profit this year," said eBEST Investment & Securities Co. "Solbrain's performance will also recover as AI demand spreads to NAND and memory suppliers recover faster than expected."
SoulBrain's consolidated performance in the first quarter of this year was 210.7 billion won in sales and 46 billion won in operating profit, exceeding both consumer sales (199.7 billion won) and operating profit (33.5 billion won).
"The sharp increase in profitability is estimated to be due to a rise in the selling price of Etchant products and a drop in raw material prices at the same time," said eBEST Investment & Securities Co. "Although profitability is expected to decrease slightly due to price adjustments with customers in the future, profitability will continue to improve as the utilization rate increases." .
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