The main building of INNOX Asan plant. (Photo= INNOX advanced material)

 

[Alpha Biz= Reporter Kim Minyoung] On the 22nd, IBK Investment & Securities forecasted that Intops Advanced Materials would continue its growth momentum in the second quarter following its performance in the first quarter of this year. The target price was revised upward from 40,000 to 45,000 won.

IBK Investment & Securities stated, "The first quarter revenue increased by 22.1% compared to the previous quarter, reaching 102.2 billion won," explaining, "The first quarter operating profit was 15.8 billion won, influenced by the exchange rate between the won and the dollar, cost structure improvement, and product mix enhancement."

They continued, "We anticipate second-quarter revenue to reach 124.7 billion won, an increase of 22.1% from the first quarter," adding, "Revenue from semiconductors and mobile devices is expected to increase in the second quarter." They emphasized, "Second-quarter operating profit is expected to reach 21.5 billion won, an increase of 36.1% from the first quarter."

IBK Investment & Securities analyzed, "The application of pens capable touch panels is expanding from smartphones to tablets and laptops," and "Semiconductor volume is also expected to improve compared to last year." They concluded, "Operating profit for this year is expected to increase by 85.7% compared to last year," and "Profitability, which was weak last year, is expected to recover to previous levels."

 

 

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