[Featured Stock] Daeduck Electronics Weakens on Slowing Demand in Downstream Industries and Poor Earnings Outlook
Daeduck Electronics' stock price is weak. It appears that the outlook for poor performance due to a slowdown in demand from upstream industries is affecting the stock price.
![[Featured Stock] Daeduck Electronics Weakens on Slowing Demand in Downstream Industries and Poor Earnings Outlook](http://www.asiae.co.kr/news/img_view.htm?img=2021092807354944180_1632782149.jpg)
As of 9:55 AM on the 18th, Daeduck Electronics is trading at 17,480 KRW, down 2.94% from the previous day.
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Lee Gyu-ha, a researcher at NH Investment & Securities, said, "Recent demand for IT sets such as smartphones and PCs has been weaker than expected," adding, "As a result, the increase in memory shipments is lower than anticipated, causing a slow recovery in memory substrate shipments. The non-memory sector is also unlikely to see a sharp improvement due to decreased demand for automotive components." He continued, "We expect the fourth-quarter performance to be lower than initially anticipated. It is regrettable that the recovery in the automotive sector is taking longer than expected."
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