[Featured Stock] DIIT Rises Over 11% on Expectations of Earnings and Order Expansion
The stock price of DIIT, which recorded double-digit operating profit margins for three consecutive quarters, is showing strength in early trading on the 16th. As of 9:24 a.m. that day, DIIT was trading at 28,300 KRW, up 2,900 KRW (11.42%) from the previous trading day.
DIIT's first-quarter performance this year showed sales of 20.2 billion KRW, a 16.3% decrease compared to the previous year, but operating profit turned positive at 3.3 billion KRW.
Minjung Kwak, a researcher at Hyundai Motor Securities, said, "Sales were affected by the sluggish display industry, which is the upstream sector, impacting the sales of Automated Optical Inspection (AOI) solutions. However, starting from the first quarter, the proportion of laser solution sales reached 62.6%, proving the continued improvement in operating profit. This shows the beginning of a full-scale turnaround."
Researcher Kwak added, "For mass production according to the roadmap of major clients' High Bandwidth Memory (HBM), advanced processes ultimately become more important. There will be significant additional order momentum beyond DIIT's laser annealing equipment in the future," and noted, "Starting from the fourth quarter of this year, DIIT's NAND laser annealing equipment will be actively adopted, becoming a key pillar of growth."
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He also said, "Performance will continue to trend upward," adding, "With an expanded order momentum through a more diversified product portfolio compared to before, ongoing technical cooperation with existing clients, and continuous investment targeting clients, there is a high possibility of growth as a leading equipment provider."
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