[Special Stock] SNS Tech, 'EUV Earnings Reflection Delay', Down 9.48%
The stock price of S&S Tech, for which a securities firm corporate report stated "the target price is being lowered due to the delay in reflecting the performance of extreme ultraviolet (EUV) related products," showed weakness on the 30th.
As of 9:45 a.m. that day, S&S Tech was trading at 29,600 won, down 3,100 won (9.48%) from the previous trading day.
SK Securities said of S&S Tech, "The full-scale reflection of EUV-related performance, expected in the second half of next year, is likely to be postponed to 2026. We are lowering next year's earnings estimates," and adjusted the target price down to 45,000 won.
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However, looking at the preliminary results for the second quarter of this year, sales increased by 18.7% year-on-year to 42.4 billion won, and operating profit rose by 15.5% to 8.5 billion won, meeting market expectations. Lee Dong-joo, a researcher at SK Securities, said, "Quarterly performance growth continues due to strong demand for blank masks in China," adding, "The stock price level does not reflect expectations related to EUV, so trading from a bottom perspective is valid," maintaining a buy rating.
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