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Solbrain.(photo = Solbrain) |
[Alpha Biz= Reporter Kim Jisun] SK Securities has downgraded Solbrain’s target price from 350,000 won to 290,000 won, following weaker-than-expected third-quarter results and a downward revision of next year's operating profit estimate.
Despite the lowered outlook, the firm maintains a "Buy" rating, citing that negative market factors have already been reflected in the stock price and noting recent stock rebounds from Solbrain’s clients.
Solbrain's third-quarter operating profit of 39.7 billion won missed the market consensus of 47.1 billion won, impacted by temporary increases in raw material costs for secondary battery electrolytes and company-wide performance bonuses.
However, SK Securities sees potential for a rebound in the second half of next year, with semiconductor materials showing gradual recovery.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
