[Featured Stock] Sekyung Hi-Tech, Undervalued Stock with Expanding New Clients... 'Strong Performance'
Sekyung Hi-Tech is showing strong performance. It is interpreted that the analysis by securities firms, stating that the current stock price is undervalued amid the expansion of new sales channels, has influenced this trend.
As of 10:29 AM on the 25th, Sekyung Hi-Tech was trading at 65,000 KRW, up 320 KRW (5.19%) compared to the previous trading day.
Sekyung Hi-Tech is a company that manufactures functional films installed in IT devices. Heechul Park, a researcher at Heungkuk Securities, said, "Sekyung Hi-Tech is expected to grow based on new sales channels, showing high growth compared to the somewhat sluggish SET industry," adding, "The core growth drivers are foldable PL films, optical OCA films, and the insulation pads of its subsidiary Sesmat."
He said, "The company's foldable PL films are supplied to top-tier domestic display companies based on the MDD method," and added, "Considering that it is the only company that can utilize the MDD method, direct benefits are expected from the entry of global manufacturers into the foldable market."
He continued, "In the case of optical OCA films, Sekyung Hi-Tech handles the entire volume for a global company, and considering the customer's market position, the volume of the company's OCA films is expected to increase with the rise of OLED adoption within the industry."
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Researcher Park emphasized, "Lastly, Sesmat's insulation pads are products inserted in film form between cells to prevent thermal runaway and heat transfer," adding, "Testing for top-tier domestic customers is expected to be completed within this year, and if the test is confirmed, additional sales of about 30 billion KRW are expected next year, making it a core growth driver for the company." He added, "Currently, the stock price with a PER of about 6 is significantly undervalued."
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