Isu Petasys is seeing a rise of over 5% in early trading as it reviews plans for additional investments in its sixth factory, following a strong second-quarter performance. The increase in demand for high-spec printed circuit boards (PCBs) driven by the expansion of the artificial intelligence (AI) server and data center market is boosting expectations for improved performance and production capacity.
As of 9:45 a.m. on the Korea Exchange, Isu Petasys shares were trading at 108,400 won, up 5,500 won (5.34%) from the previous trading day. This marks the second consecutive day of gains, following a 7.64% increase the day before.
On August 18, Isu Petasys announced that it is considering further investments in its sixth factory to meet the rising demand for high-spec PCBs due to the global expansion of the AI server and data center market. The additional investment is expected to be in the mid-100 billion won range and will likely include key manufacturing equipment and facilities necessary for the full operation of the sixth factory, as well as essential equipment for high-spec PCB production.
If the existing investment plans and additional facility investments proceed as scheduled, the company anticipates establishing a foundation for over 2 trillion won in long-term revenue production capacity.
The second-quarter results were also strong, with Isu Petasys reporting consolidated sales of 379.9 billion won and an operating profit of 77.1 billion won, setting a new quarterly record. These figures represent increases of 57.4% and 83.2%, respectively, compared to the same period last year. The order backlog stood at 622.2 billion won, up 97% year-on-year and 8% from the previous quarter.
Analysts expect continued growth in performance driven by additional expansions and the acquisition of new clients.
Kyung-min Kwon, a researcher at Kiwoom Securities, noted, "The key takeaway from this earnings report is the additional capacity secured through the expansion of the sixth factory, which enhances guidance. This is expected to lead to further improvements in blended average selling prices and profit margins." He also positively assessed the acquisition of two new hyperscale clients.
* This article has been translated by AI.
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