Wonik IPS, a KOSDAQ-listed company, was strong in early trading on the 10th. As the securities industry raised its target price by more than twofold, saying the company is expected to benefit from expanded investment in memory equipment, buying poured in.
As of 9:19 a.m. on the 10th, Wonik IPS shares were trading at 132,100 won, up 6.28% from the previous session.
Park Yoo-ak, an analyst at Kiwoom Securities, issued a report on the day and said, "In semiconductors, we expect revenue of 1.1 trillion won, up 55% from a year earlier, on the back of new and upgrade investments at Samsung Electronics' Pyeongtaek Plant 4 and new investment in SK hynix's M15X."
At the same time, the target price for Wonik IPS was raised to 160,000 won from 73,000 won.
Kiwoom Securities projected that Wonik IPS's operating profit this year will surge nearly 200% from a year earlier on increased memory equipment investment by Samsung Electronics and SK hynix. Specifically, it forecast revenue of 1.32 trillion won and operating profit of 220.4 billion won for this year. Revenue would be up 45% year over year, and operating profit up 199%.