"LG Innotek Also Hits 1 Million Won": Trickle-down Effect from AI Substrate Supply Shortage... Isu Petasis Expands 'Multi-Lamination' Capacity Again to Drive AI Demand [Stock Topia]

4% from last month to May 15, amidst forecasts that the company will become a "Emperor Stock" as the trickle-down effect of the semiconductor package substrate supply shortage spreads across the industry.4% from last month to May 15, amidst forecasts that the company will become a "Emperor Stock" as the trickle-down effect of the semiconductor package substrate supply shortage spreads across the industry.
/Photo = Yonhap News [Financial News] Here is a summary of reports from major securities firms for the morning of May 18.
LG Innotek's target price has been significantly raised as forecasts suggest it will become an "Emperor Stock" in the 1 million won range, driven by the spreading trickle-down effect resulting from the deepening semiconductor package substrate supply shortage.
HD Hyundai was analyzed as a "holding company like a comprehensive gift set," amidst strong performance from its subsidiaries and expectations for the recalculation of brand royalty rates.
4% from last month to May 15, amidst forecasts that the company will become a "Emperor Stock" as the trickle-down effect of the semiconductor package substrate supply shortage spreads across the industry.4% from last month to May 15, amidst forecasts that the company will become a "Emperor Stock" as the trickle-down effect of the semiconductor package substrate supply shortage spreads across the industry.9%, from 700,000 won) | Previous Day's Closing Price: 732,000 won - Investment Opinion: Buy NH Investment & Securities significantly raised its target price for LG Innotek to 1 million won, stating that it removed the multiple discount rate (previously 30%) previously applied to the Package Solution business unit to reflect the trickle-down effect from the deepening semiconductor package substrate supply shortage spreading throughout the industry.4% from last month to the 15th (closing price of 732,000 won).Researcher Hwang Ji-hyun projected, "Heat generation, thickness, and warping are cited as major technical challenges for package substrates; based on its differentiated technological competitiveness, the company is expected to maintain an annual growth rate of over 20% in related revenue for the next five years.
" ※ Shortage This refers to a situation where supply falls short of market demand.
When a shortage occurs, such as with semiconductor package substrates, prices rise and producers' bargaining power strengthens, leading to a "trickle-down effect" where benefits spread to downstream component and material suppliers.
※ Multiple This is a multiplier applied to financial indicators like profit and revenue when evaluating corporate value; higher multiples are assigned to companies with higher growth potential or stronger market positions.
Conversely, a certain percentage discount is applied to business units whose profitability has not been verified; however, if this discount is removed due to improvements in the business environment, the corporate valuation is automatically raised by the same percentage.
7%, from 300,000 KRW) | Previous Day's Closing Price: 269,500 KRW Daishin Securities raised its target price for HD Hyundai to 410,000 KRW, stating that the holding company's operating value is expected to expand due to improved subsidiary performance and the possibility of recalculating brand royalty rates.Analyst Lee Kyung-yeon assessed, "The fruits of subsidiaries that have entered a mid-to-long-term growth cycle are converging on the holding company." HD Hyundai's current brand royalty rates, ahead of the expiration of brand royalty contracts with its subsidiaries at the end of this year, At 5bp, it is lower than the 30bp average for holding companies covered by Daishin Securities.In other words, the analysis suggests that if the rate increases during the contract renewal process, the operating value of the holding company could grow along with it.5% of treasury shares are raising expectations for shareholder returns.
4% from last month to May 15, amidst forecasts that the company will become a "Emperor Stock" as the trickle-down effect of the semiconductor package substrate supply shortage spreads across the industry.4% from last month to May 15, amidst forecasts that the company will become a "Emperor Stock" as the trickle-down effect of the semiconductor package substrate supply shortage spreads across the industry.9%, from 700,000 won) | Previous Day's Closing Price: 732,000 won - Investment Opinion: Buy NH Investment & Securities significantly raised its target price for LG Innotek to 1 million won, stating that it removed the multiple discount rate (previously 30%) previously applied to the Package Solution business unit to reflect the trickle-down effect from the deepening semiconductor package substrate supply shortage spreading throughout the industry.g., 'Hyundai', 'HD').
It is usually paid as a certain percentage (rate) of the subsidiary's revenue; as a stable source of cash flow where the holding company's income automatically increases as the subsidiary grows, it is considered a key variable in the valuation of the holding company.
When a shortage occurs, such as with semiconductor package substrates, prices rise and producers' bargaining power strengthens, leading to a "trickle-down effect" where benefits spread to downstream component and material suppliers.
※ bp (Basis Point) This is a unit representing one-hundredth of 1%, primarily used to express interest rates or rates with precision.
3%; the structure is such that the amount calculated by multiplying the subsidiary's revenue by these rates flows into the holding company.
7%, from 155,000 KRW) | Previous Day's Closing Price: 128,000 KRW DB Securities raised its target price for Isu Petasis to 170,000 KRW, noting that the company converted its existing lines to high-value multi-layer substrates to keep pace with the explosion in AI demand.
Analyst Cho Hyun-ji stated, "Quarterly profitability is expected to trend upward throughout the year, driven by price increases since the second quarter and the improved product mix resulting from the full-scale mass production of multi-layer substrates in the third quarter." [Predicted] Regarding the recent sideways trend of Isu Petasis, where its year-to-date stock return has remained at 7% compared to the KOSPI, [he/she] emphasized, "As concerns are limited, there is no reason for the stock price to be overlooked among PCB manufacturers." The analysis suggests that Isu Petasis will soon be re-evaluated, just like other AI PCB stocks.※ Multi-Layer Board (MLB) This is a high-value printed circuit board (PCB) made by stacking multiple layers of thin plates engraved with circuit patterns.High-performance equipment with exploding data processing volumes, such as accelerators and switches for AI servers, must be equipped with thick multi-layer boards of 20 layers or more.
4% from last month to May 15, amidst forecasts that the company will become a "Emperor Stock" as the trickle-down effect of the semiconductor package substrate supply shortage spreads across the industry.4% from last month to May 15, amidst forecasts that the company will become a "Emperor Stock" as the trickle-down effect of the semiconductor package substrate supply shortage spreads across the industry.9%, from 700,000 won) | Previous Day's Closing Price: 732,000 won - Investment Opinion: Buy NH Investment & Securities significantly raised its target price for LG Innotek to 1 million won, stating that it removed the multiple discount rate (previously 30%) previously applied to the Package Solution business unit to reflect the trickle-down effect from the deepening semiconductor package substrate supply shortage spreading throughout the industry.

When a shortage occurs, such as with semiconductor package substrates, prices rise and producers' bargaining power strengthens, leading to a "trickle-down effect" where benefits spread to downstream component and material suppliers.



4% from last month to May 15, amidst forecasts that the company will become a "Emperor Stock" as the trickle-down effect of the semiconductor package substrate supply shortage spreads across the industry.4% from last month to May 15, amidst forecasts that the company will become a "Emperor Stock" as the trickle-down effect of the semiconductor package substrate supply shortage spreads across the industry.
sms@fnnews.com Seong Min-seo Reporter