Eugene Tech has reached its daily limit increase due to improved investment sentiment and expectations for growth in the semiconductor materials, components, and equipment sector.
According to the Korea Exchange, as of 10:12 a.m. on June 4, Eugene Tech's stock price rose by 29.97% (35,900 won) to 155,700 won compared to the previous trading day.
Recently, buying activity has been concentrated in large-cap semiconductor stocks, but evaluations indicate that the semiconductor materials and components sector is also maintaining a solid performance. Notably, increased investment in high-bandwidth memory (HBM) driven by the growing demand for artificial intelligence (AI) semiconductors and the transition to advanced processes are raising expectations for improved performance among related equipment manufacturers.
Lee Dong-joo, a researcher at SK Securities, stated, "In the past week, domestic ETF supply and demand trends show that while there has been a focus on buying large tech stocks with visible strong profit growth, there has been no change in the semiconductor materials and components sector. The profit estimates for domestic semiconductor materials and components have been revised upward over the past month, so any further adjustments present good buying opportunities."
Eugene Tech supplies LPCVD and ALD equipment for semiconductor front-end processes and is considered a beneficiary of the expansion of DRAM fine processes and HBM production by Samsung Electronics and SK Hynix. The market views the growth of the AI semiconductor market and the expansion of memory investments as key factors contributing to the rise in its stock price.
* This article has been translated by AI.
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