In early trading on the 19th, Sunic System is surging more than 24%. Buying appears to be flocking after the securities industry assessed Sunic System's business positively.
As of 9:43 a.m. on the 19th, Sunic System was trading at 124,900 won, up 24,900 won (24.9%) from the previous trading day on the Korea Exchange. It traded as high as 128,500 won intraday, rewriting its 1-year high.
In the securities industry, an analysis said Sunic System's flow of deposition equipment orders will continue as a Chinese client moves into full-scale production of organic light-emitting diodes (OLED).
Yang Seung-su of Meritz Securities said, "Sunic System has built a de facto monopolistic position with more than a 90% share in the OLEDoS deposition equipment market," and noted, "As OLEDoS rapidly rises within China's Augmented Reality (AR) glasses ecosystem in terms of securing manufacturing technology and expense competitiveness, multiple orders are expected."
The medium- to long-term momentum is also seen as positive. Heo Jun-seo, an analyst at Eugene Investment & Securities, said, "On the back of expanding orders for OLED deposition equipment, the company achieved a quantum jump in last year's results, and with momentum from perovskite solar cell deposition equipment added, it has entered a new growth phase," assigning a "strong buy" rating and a target price of 160,000 won.