Daishin Securities noted on the 13th that it expects an expansion in equipment orders for Juseong Engineering, maintaining an investment opinion of 'Buy' and a target price of 55,000 won. The closing price for Juseong Engineering on the previous trading day was 29,650 won.
Daishin Securities expects Juseong Engineering's consolidated revenue for the fourth quarter of this year to increase by 18% compared to the same period last year, reaching 116 billion won. Operating profit is estimated to rise by 72% to 34.2 billion won.
Shin Seok-hwan, a Research Institute analyst at Daishin Securities, predicted that SK Hynix's DRAM process will transition from 1a nm to 1b nm in 2025, leading to an increase in equipment orders for Juseong Engineering. The analyst stated, 'The semiconductor equipment order backlog in the third quarter of this year was 207.3 billion won, increasing compared to the previous quarter,' and added, 'Starting from the first quarter of next year, we are likely to supply equipment to new overseas clients in the U.S. and Taiwan.'
The analyst anticipates a slight increase in sales of display equipment aside from semiconductors in 2025. Shin noted, 'We expect display equipment sales in the fourth quarter of this year to decrease to 9.5 billion won from the previous quarter,' while analyzing that 'Next year's sales are expected to rise by approximately 1.79% compared to the previous year, reaching around 68.2 billion won' based on new investments from customers.