KB Securities noted on the 22nd that Park Systems, a semiconductor equipment company, is seeing a steady increase in new orders, primarily from overseas clients, indicating a growth trend. KB Securities maintained a 'buy' rating for Park Systems and raised the target price to 330,000 won.
Lee Eui-jin, a researcher at KB Securities, stated that both the performance and details of Park Systems in the first quarter of this year (January to March) were quite good. Park Systems recorded sales of 50.9 billion won and an operating profit of 13.1 billion won in the first quarter, exceeding market expectations.
The researcher explained, "In addition to the NX-Wafer equipment in the first quarter, sales of TSH and Hybrid-WLI equipment have significantly increased, primarily from clients in Taiwan and the United States."
Both Park Systems' order backlog and the scale of new orders are at all-time highs. As of the end of March, the order backlog was 89.3 billion won, and new orders for the first quarter were 79 billion won.
The researcher projected that the sales ratio of Park Systems' main equipment, NX-Wafer, as well as TSH and Hybrid-WLI, will continue to increase in the future. He noted, "Hybrid-WLI equipment is expected to recognize new sales in the second half after completing tests," and added, "TSH equipment is currently undergoing mass production testing at client sites, and growth focusing on TSH equipment is anticipated going forward."