KOSPI-listed ISU PETASYS was strong early on the 20th. Buying interest appeared to gather on a securities industry view that results growth will accelerate next year as Plant 5 expands.
As of 10:19 a.m. that day, ISU PETASYS was trading at 132,500 won, up 4,900 won (3.84%) from the previous trading day. It rose to as high as 136,700 won intraday, setting a 1-year high.
After posting strong results in the third quarter this year, a series of securities industry analyses said the growth rate will be faster next year.
DS Investment & Securities said the effect of the Plant 5 capacity expansion will be fully reflected from the first quarter next year, and it cannot rule out the possibility of additional capacity (CAPA) expansions before 2029. Researcher Lee Su-rim at DS Investment & Securities said, "With increasing performance requirements from Rubin adoption, a further rise in average selling price (ASP) will appear, and stepwise quarterly earnings growth is expected."
Researcher Park Sang-hyeon at Korea Investment & Securities said, "Profitability is improving rapidly as production of 12-layer-and-above, high-value mid-high-layer multilayer boards (MLB) increases," adding, "The China subsidiary will respond to demand conservatively through measures such as easing bottleneck processes."
That day, DS Investment & Securities (50,000 won → 154,000 won) and Korea Investment & Securities (110,000 won → 140,000 won) both raised their target price for ISU PETASYS.