"BH Expected to Benefit from Apple’s Foldable Phone Debut"...BH Surges More Than 7% [Stock NOW]

[Financial News] BH is surging on expectations that it will benefit from the expansion of the foldable-phone market.
As of 10:42 a.m. on the 14th, BH was trading at KRW 20,400, up KRW 1,380, or 7.26%, from the previous trading day.
The market expects sales to grow as the foldable-phone market expands following Apple’s recent unveiling of its first foldable phone, the “iPhone Duo.”
BH is a component manufacturer that produces flexible printed circuit boards (FPCBs) for displays and is a key supplier to Samsung Electronics and Apple. FPCBs are thin, flexible circuit boards that transmit electrical signals and are considered essential components in foldable phones.
Analysts expect BH to benefit as the market expands rapidly following Apple’s launch of a foldable phone. Daishin Securities forecast that the global foldable-phone market will grow from 20.32 million units last year to 26.10 million units this year and 35.37 million units next year.
Park Kang-ho, an analyst at Daishin Securities, said, "Sales of Apple’s iPhone Duo are expected to grow from 6 million to 6.5 million units this year to 15 million units next year, allowing it to take the No. 1 market share." He added, "BH is expected to benefit from Apple’s launch of a foldable phone and its process of becoming the market-share leader."

[email protected] Minji Seo Reporter