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[Alpha Biz=(Chicago) Reporter Paul Lee] Kiwoom Securities analyzed on the 22nd that despite its high growth, its stock price has been sluggish due to lack of short-term performance momentum. The investment opinion was 'buy' and the target price was raised from 37,000 won to 42,000 won.
SoluM's cumulative operating profit in the third quarter was 139.6 billion won, up 137% from a year earlier. In addition to the ESL sector, which led earnings growth in the first half of the year, profitability in the electronic parts sector through production automation and cost management is also estimated to have improved in the third quarter.
"Solum's fourth-quarter earnings will increase 11% and 12% year-on-year to sales of 461.2 billion won and operating profit of 18.6 billion won, respectively," Kiwoom Securities said. "It is a conservative estimate that reflects the delivery schedule of major product line ESLs and usual year-end costs."
Kiwoom Securities added, "power module division is expected to grow through power modules for servers and EV high-speed charger power modules," and "power modules for servers do not have large sales volume, but high growth is expected due to expansion of data centers."
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
