PSK, a semiconductor equipment manufacturer, is experiencing a strong surge in its stock price due to growing expectations for increased investment in the semiconductor sector.
According to the Korea Exchange, as of 2:06 PM on June 9, PSK shares rose by 30,100 won (27.07%) to 141,300 won. The company has been on a steep upward trajectory, reflecting optimism about improvements in the semiconductor equipment market. Following a 26.27% jump on June 4, the stock rose another 10.58% on June 5, bringing its cumulative increase over the past four trading days to over 55%.
Brokerages are also expressing positive forecasts. Hana Securities maintained a 'Buy' rating on PSK on June 5, citing expected benefits from increased investments by domestic and international memory companies. The firm raised its target price from 128,000 won to 160,000 won.
Kim Rok-ho, an analyst at Hana Securities, noted that major clients such as Samsung Electronics, Micron, and Intel are actively pursuing new investments and process transitions, while investments from clients in China are exceeding expectations.
Hana Securities projects that PSK will report second-quarter revenues and operating profits of 162.2 billion won and 50.2 billion won, respectively, marking increases of 50% and 144% compared to the same period last year. For the full year, the firm anticipates revenues and operating profits of 660.9 billion won and 183.6 billion won, representing growth of 45% and 107% year-on-year.
Kim added, "By 2027, new fab operations from three domestic and international memory companies, along with new factory investments from Samsung Electronics and Intel, are expected to kickstart a semiconductor equipment investment cycle, making it possible to exceed current performance estimates."
* This article has been translated by AI.
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