SOLU M.(photo = SOLU M)

 

Kiwoom Securities maintained its target stock price of 42,000 won and investment opinion on SoluM on the 13th, saying it is expected to see substantial growth centered on profitability this year.

SoluM posted a steep growth of 154.5 billion won in operating profit in 2023 on the back of growth in the ESL sector. 2024 is expected to see substantial growth centered on improving profitability across all business sectors.

Although the market for electronic parts is sluggish due to slowing market growth of 3IN1 boards for TVs and power modules for mobile phones, power modules for servers and EV high-speed charger power modules are expected to grow in earnest.

Although the volume of sales is not large, power modules for servers that require advanced specifications are expected to grow high. The EV charger power module has completed the development of 30kW products and is planning to mass-produce 50kW products. As a result, it is predicted that it will be possible to expand its market share centered on performance advantage.

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