Shares of RFHIC, a compound semiconductor specialist, surged early on the 10th. Buying appeared to pile in after securities analysts said the company is expected to post record results in the fourth quarter of this year (Oct.–Dec.).
As of 10:14 a.m. that day, RFHIC was trading at 32,550 won on the KOSDAQ market, up 3,000 won (10.15%) from the previous session.
Kim Hong-sik of Hana Securities said in a report that day, "With strong results in the fourth quarter of this year (Oct.–Dec.), the company is expected to post its best results since its founding," adding, "Following defense, the communications unit is also improving, so next year's results are expected to be even better than this year."
For the fourth quarter of this year on a consolidation basis, RFHIC's revenue is forecast at 55.6 billion won and operating profit at 10.3 billion won. That would be up 44% and 312%, respectively, from a year earlier.
Kim also offered a positive outlook for next year's results. Kim said, "After the U.S. spectrum auction next year, higher sales to Samsung Electronics, growth in the defense unit, and a surge in RF Materials' sales to Lumentum will coincide."