April 27, 2024

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[THE INVESTOR] SFA’s earnings will continue to grow in the second half, said Dongbu Securities on June 26, maintaining a “buy” recommendation and 60,000 won (US$52.79) target price.

Its revenue in the second quarter will hike 73 percent on-year to 483 billion won and operating profit by 178 percent to 54.4 billion won.Its order backlog was over 1 trillion won as of March hence its outlook is bright, said analyst Kwon Hyul.

If the display equipment manufacturer succeeds to win orders for sixth-generation evaporators, its stock price needs to be reevaluated price, said the analyst. 

By Hwang You-mee (glamazon@heraldcorp.com)