April 27, 2024

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[THE INVESTOR] BH has cleared the uncertainties regarding its manufacturing timeline and profitability, said Hana Financial Investment on June 26, maintaining a “buy” recommendation and raising the target price to 22,000 won (US$19.36) from 17,500 won.

It has attracted a new client and began production. It and it already has experience in supplying RF print circuit boards for OLEDs so it is more likely to post profits, noted analyst Kim Rok-ho. 

Its revenue in the second half will surge 134 percent from the previous half to 540 billion won and operating profit by 292 percent to 50 billion won, estimated the analyst. 

Earnings momentum for the second half and next year remains solid, according to Kim, adding that its current stock price at 7.9 times of its earnings per share is not burdensome.

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