"Hanmi Semiconductor Expected to Surpass Q2 Consensus; Target Price Maintained at 380,000 Won"[Click e-Stock]

Sangsangin Securities stated on July 13 that growth momentum for Hanmi Semiconductor is becoming more diversified, maintaining its target price at 3.8 million won and its "Buy" investment opinion.

Min Kyu Jeong, a researcher at Sangsangin Securities, said in a report released that day, "In addition to Hanmi Semiconductor's proven exclusive position in TC bonders for high bandwidth memory (HBM), the scope of application is expanding to logic and NAND substrates, leading to diversification in growth drivers." He added, "Second quarter revenues and operating profit are expected to reach 250.5 billion won and 121 billion won, respectively, surpassing market consensus."

Hanmi Semiconductor is a specialized semiconductor manufacturing equipment company, establishing a balanced production and supply system across all business divisions, including HBM TC bonders, large-area substrate cutting equipment (MSVP), EMI Shield, and consumables. In particular, the company is enhancing the visibility of bonder orders in line with the HBM expansion cycle, fueled by increased investment from key clients in North America.

Researcher Jeong analyzed, "In the second half of the year, new momentum will be added with the supply of logic TC bonders for OSAT in response to the expansion of 2.5D packaging outsourcing, as well as the initial shipment of TC bonders for HBF." He continued, "Annual revenue this year is projected to reach 819.6 billion won, up 42.1% from last year, and operating profit is expected to increase by 52.0% to 382.2 billion won, continuing a strong trend of profit growth."

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