[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.
Hot Picks Today
Despite "Insufficient Balance" Notices, They Board Anyway... Reports of Foreign Fare Evasion Mounting
- "If It Helps My Child's Studies, It's Worth Every Penny"... U.S. Parents Open Their Wallets for $10,000 Tests
- [Exclusive] "We Came for a KRW 140,000 Trip": Following Chinese Tourists in Korea Uncovers a 'Suspicious' Tour
- France, Shaken by Violence, Restricts Protests; Bonds Keep Falling Amid Anxiety
- "Baek Jongwon Had Been Quiet, Then Hit It Big"... Waits in the 100s in U.S. Despite KRW 46,000 Pork Belly
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."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
