Hanwha Vision is surging 6% in early trading on the 20th. Analysts say investor sentiment improved on expectations that first-quarter results will beat market forecasts.
As of 9:37 a.m., Hanwha Vision was trading at 84,500 won on the Korea Exchange, up 5,200 won (6.56%) from the previous session. It also jumped more than 11% intraday to trade at 88,400 won.
The securities industry raised the possibility of a first-quarter earnings surprise for Hanwha Vision.
Park Yu-ak, an analyst at Kiwoom Securities, said, "CCTV sales in Europe are rising sharply, and profitability at the consolidated subsidiary Hanwha Semitec is improving, so an earnings surprise is expected," and noted, "The won-dollar and won-euro exchange rate increases will also have a positive effect on results."
Kiwoom Securities forecast Hanwha Vision's first-quarter revenue at 442.7 billion won and operating profit at 18.5 billion won. That is well above its previous estimates (revenue 402.7 billion won, operating profit 8 billion won).
Park also said, "In the second quarter, SK hynix's orders for TC bonders, which had been delayed, are expected to begin," adding, "Investor views on earnings prospects for the second half of this year and for 2027 will turn favorable." Park then presented Hanwha Vision as the top pick in the sector.