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[Alpha Biz=(Chicago) Reporter Paul Lee] Daishin Securities raised its target price of Daedeok Electronics from 32,000 won to 35,000 won on the 5th. It is by applying the top band of the earnings recovery period to the target share price return ratio (P/E).
"The fourth quarter of 2023 is expected to meet previous estimates or improve compared to the previous quarter. Sales and operating profit are expected to grow in 2024," Daishin Securities said. "The growth of the FC BGA sector is expected to be relatively high in the PCB industry due to the expansion of AI (artificial intelligence) and server investment."
Daishin Securities estimated Daedeok Electronics' operating profit in 2024 to be KRW 90.2 billion, up 211% from a year earlier. Overall sales are expected to rise 19.8 percent to 1.1 trillion won over the same period. Non-memorary FC BGA sales are expected to increase by 33.9% to 308.9 billion won over the same period.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
