[Market Focus] Wonik IPS Rallies for Fifth Day, Hits Record High

Wonik IPS continued its upward trend for the fifth consecutive day, reaching a new 52-week intraday high.

As of 9:55 a.m. on August 13, Wonik IPS was trading at 41,300 won on the Korea Exchange, up 3,200 won (8.40%) from the previous day. During the session, the stock climbed as high as 43,350 won, setting a new 52-week high.

The recent strong performance of the stock is attributed to robust second-quarter results this year, as well as expectations of benefiting from Samsung Electronics' increased investments.

Park Yuak, a researcher at Kiwoom Securities, stated, "Earnings growth is expected due to major customer Samsung Electronics' investments in its Taylor facility in the United States and the Pyeongtaek Plant 4." He added, "It is also noteworthy that the benefits from increased customer investments will be even greater than before, as Wonik IPS is now supplying newly developed equipment for mass production." Park continued, "Wonik IPS has strengthened its exposure to Samsung Electronics' memory investments by developing new equipment for 1cnm DRAM and high-bandwidth memory (HBM). As a result, the company's operating profit in the second half of this year is expected to surge to 6.06 billion won, up 108% compared to the first half."

Previously, on August 7, Wonik IPS announced that its consolidated operating profit for the second quarter reached 3.65 billion won, marking a turnaround from a loss in the same period last year. Revenue increased by 56.34% to 242.2 billion won, while net profit soared by 293.59% to 2.77 billion won.

This content was produced with the assistance of AI translation services.