April 20, 2024

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[THE INVESTOR] Kolon Industries will benefit from the expanding flexible display sector, said Shinyoung Securities on Jan. 23, maintaining a “buy” recommendation and raising the target price to 110,000 won (US$102.77) from 97,000 won.

Flexible display market is blooming in earnest, and its plant for transparent PI film, a core material, will be completed by February. Revenue from the facilities will be reflected from next year and will propel its growth, said analyst Lee Ji-yeon.

Its revenue in the fourth quarter last year will come in at 1.27 trillion won with operating profit of 68 billion won, up 5 percent from the same period last year and 48 percent from the previous quarter, according to the analyst. 

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