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THE INVESTOR
April 06, 2020
Big Reunion

Stocks & Bonds

[EQUITIES] ‘SK Materials remains on upswing’

  • PUBLISHED :October 18, 2018 - 10:22
  • UPDATED :October 18, 2018 - 10:22
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[THE INVESTOR] SK Materials’ earnings will continue to improve, said NH Investment and Securities on Oct. 18 raising the target price to 240,000 won (US$212.95) from 220,000 won.




Its third-quarter earnings were a record high with revenue up 41.4 percent on-year to 186.0 billion won and operating profit by 27.5 percent to 51.2 billion won. It will continue to rally in the fourth quarter boosted by the sharp growth of its subsidiary. Revenue will hike 39.1 percent to 195.0 billion won and operating profit by 51.1 percent to 55.2 billion won, said analyst Seo Jun-hyeon.

In the long term, its special gas business will grow steadily as improved process expands semiconductor shipments while its new business will gain fast thanks to increasing sales to group affiliates. As it starts manufacturing semiconductor material product etchant, earnings will further advance, he added.

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

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