Meritz Securities said on the 8th that Fine M-Tec is expected to continue its earnings growth trend due to the diversification of its foldable lineup. It then raised the target stock price from the previous 8,200 won to 16,000 won and maintained its investment opinion of 'buy.' The closing price of Fine M-Tec on the previous trading day was 13,250 won.
Meritz Securities estimated Fine M-Tec's sales and operating profit for next year at 606.8 billion won and 44.6 billion won, respectively. This marks a significant increase of 164.9% and 826.7% compared to the previous year.
Yang Seung-su, a researcher at Meritz Securities, said, 'It is assumed that the panel shipment of Fine M-Tec's display customers will expand from 8.8 million this year to 25 million next year, with 12 million units for domestic set manufacturers, 4 million units for Chinese customers, and 10 million units for North American set manufacturers expected.'
The performance of Fine M-Tec is expected to not only achieve short-term growth but also enter a secondary growth cycle for foldables, indicating anticipated medium- to long-term growth, Yang emphasized.
He stated, 'While it is true that stock prices have surged preemptively, considering the entry into a secondary growth cycle for foldables centered on North American set manufacturers, additional stock price increases are possible in the future.'
He added, 'While it is true that stock prices have surged preemptively, considering the entry into a secondary growth cycle for foldables centered on North American set manufacturers, additional stock price increases are possible in the future.'