Despite 'Mid- to Long-term Growth Expectations'... Comico, Target Price ↓-Yuanta

[Financial News] Although the stock price is currently sluggish, the target price for Comico has been adjusted down to 1,000,000 KRW based on the expectation of mid- to long-term growth. The investment opinion remains to buy.
On the 27th, Baek Gil-hyeon, a researcher at Yuanta Securities, said, "The company's expected sales and operating profit for the second half are estimated at 303.2 billion KRW and 65.9 billion KRW, respectively, with the growth rate of operating profit in the cleaning and coating business and its subsidiary Mico Ceramics estimated at 66% and 27% year-on-year," adding, "This is because the demand for cleaning and coating from Asian subsidiaries is driving growth, and the high growth trend of Mico Ceramics' Chinese customers is expected to continue."
Currently, investment sentiment in the semiconductor sector is deteriorating due to concerns about the impact of tariffs under the Trump administration in the United States. Additionally, concerns about the dual listing of Mico Ceramics are also reflected, causing Comico's stock price to fall by about 44% compared to last year's peak (984,000 KRW).
Researcher Baek explained, "However, as revealed through the corporate value enhancement plan announcement on April 30, 2025, the possibility of dual listing of subsidiaries will be limited," and emphasized, "Attention should be paid to the high visibility of the company's mid- to long-term growth."
seung@fnnews.com Lee Seung-yeon Reporter