BH is experiencing a surge of over 7% due to expectations of benefits from the expansion of the market following the unveiling of Apple's first foldable phone. Analysts predict that new revenues from foldable phones and robotics will begin to materialize next year.
As of 1:23 PM on the Korea Exchange, BH shares were trading at 20,400 won, up 1,380 won (7.26%) from the previous trading day.
On September 9, Apple introduced its first foldable iPhone, the 'iPhone Duo.' With Apple entering the foldable product market for the first time since the launch of the original iPhone in 2007, expectations are growing for accelerated growth in the global foldable phone market.
BH manufactures flexible printed circuit boards (FPCBs) for organic light-emitting diodes (OLEDs). The company counts Samsung Electronics and Apple among its major customers in the foldable phone manufacturing sector, positioning it to benefit from the market's expansion.
Park Kang-ho, an analyst at Daishin Securities, noted that BH has secured two new growth pillars in robotics and foldable phones by 2027. He maintained a 'buy' rating and a target price of 41,000 won.
Daishin Securities estimates that BH has recently been selected as a new supplier for a major U.S. humanoid robotics company. Park stated, 'Following the supply of Atlas to Boston Dynamics, we expect to secure three large robot companies as customers for charging modules at Global Ross. Consequently, revenues from robotics and humanoids are expected to begin in earnest from 2027, with related sales estimated at about 35 billion won.'
The foldable phone market is also expected to continue its growth. He added, 'As Apple and Samsung expand their foldable phone sales, BH is likely to benefit. Samsung's foldable phone models are expected to increase from three to five by 2027, suggesting potential for revenue growth and a reevaluation of BH's stock price.'
* This article has been translated by AI.
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