Shares of KOSPI-listed Jahwa Electronics were strong early on the 17th. Buying is seen as gathering on expectations in the securities industry that it will post a "surprise earnings" result for the first quarter.
As of 9:38 a.m. that day, Jahwa Electronics was trading at 41,250 won, up 3,250 won (8.55%) from the previous session.
That day, Daishin Securities projected first-quarter revenue and operating profit for smartphone camera parts specialist Jahwa Electronics at 260.3 billion won and 25.6 billion won. That is a sharp increase of 61.5% and 408% year over year, respectively. It estimated full-year revenue would top 1 trillion won.
Park Kang-ho, an analyst at Daishin Securities, said, "Sales will increase in the premium models of the North American strategic transaction partner," adding, "With a rise in market share at the client, record earnings are expected this year."
It also expected revenue from the humanoid and robotics fields. Park said, "In cooperation with LG Innotek, it plans to supply to a North American pure electric vehicle company, and portfolio diversification is underway." Daishin Securities raised its price target on Jahwa Electronics that day by 11.1% to 50,000 won from 45,000 won.