Shinhan Investment Securities has issued a new report on Wonik Materials, setting a target price of 35,000 won, a potential upside of 58.0% from the previous day’s closing price. The report suggests that inventory depletion is progressing faster than expected due to strong set demand in China, with memory suppliers expected to finish inventory adjustments by 1H25. The target price of 35,000 won is a decrease of 18.6% from the previous target price of 43,000 won, and is similar to the average target price of 34,333 won from all securities firms over the past 6 months.
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Auto-posted at: 2025-03-21 09:02:14