April 20, 2024

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[THE INVESTOR] SK Materials’ second-quarter earnings will be better than expected, said Hana Financial Investment on July 23, raising the target price to 220,000 won (US$195.17) from 210,000 won.

Its revenue in the period will come in at 154.8 billion won with operating profit of 40.7 billion won, slightly higher than market consensus. Boosted by the increasing supply of NF3 and WF6, its operating profit in the latter half will reach 96.4 billion won, up 29 percent from the first half and 26 percent from the same period last year, forecast analyst Kim Rok-ho.

Its earnings in the latter half will further gain as SK Airgas’ new item was launched in the second quarter and SK Trichem’s precursors will be sold in earnest, said Kim maintaining a “buy” recommendation. 

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