Daeduck Electronics shares were rising in early trading on the 12th. Buying appears to be driven by news that the company is pushing investment to expand a plant to produce products for memory semiconductors.
As of 9:44 a.m. on the 12th, Daeduck Electronics shares were trading at 130,500 won on the Korea Exchange, up 3.74% (4,700 won) from the previous session.
Earlier, on the 11th, Daeduck Electronics disclosed that it will proceed with a new facilities investment worth 213 billion won to expand a plant for producing products for memory semiconductors.
Brokerages also gave positive assessments. Researcher Cho Hyeon-ji at DB Securities said, "Judging by the investment plan, the new plant appears set to maximize production efficiency on a site similar in size to one existing building," and added, "After the investment is completed, annual sales are expected to increase by about 350 billion to 400 billion won, and to reach 1.1 trillion won in 2028."
At the same time, the target price was raised from 155,000 won to 175,000 won.