[Featured Stock] Isupetasys with 'Q2 Profitability Rebound' Up Over 11%

The stock price of Isu Petasys, a semiconductor substrate manufacturer whose profitability rebounded in the second quarter of this year due to an increase in Average Selling Price (ASP), is on the rise. As of 9:32 AM on the 16th, Isu Petasys was trading at 44,850 KRW, up 4,600 KRW (11.43%) from the previous trading day.

In the second quarter, Isu Petasys recorded sales of 204.7 billion KRW, a 25% increase compared to the same period last year, and an operating profit of 27.5 billion KRW, up 51% year-on-year, meeting market expectations. Notably, the fluctuation in Average Selling Price (ASP) was remarkable. The price per square meter is estimated to have risen 14% compared to the previous quarter. The increase in ASP appears to be due to the effect of new model substrates and an improved sales mix focused on high-priced products.

On the same day, SK Securities maintained a "Buy" rating and a target price of 72,000 KRW for Isu Petasys, stating that "the performance improvement is just beginning." Researchers Hyungwoo Park and Minkyu Kwon of SK Securities said, "We anticipate a big cycle of multi-layer substrates (MLB) where price increases for existing products are becoming full-scale," adding, "The supply shortage of MLB substrates is expanding from artificial intelligence (AI) accelerators to communication equipment and server equipment. The number of sample projects with global AI customers has more than doubled since the beginning of the year." The multi-layer substrates (MLB) supplied by Isu Petasys are products made by stacking multiple printed circuit boards (PCBs), enabling rapid processing of large amounts of data.

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