Meritz Securities has issued a ‘BUY (New)’ investment opinion on TES (095610) and set a target price of KRW 29,000, indicating a potential upside of 61.6%. The firm forecasts TES to have sales of KRW 76.9 billion and operating profit of KRW 13.8 billion for 1Q25E, driven by the supply of equipment for new DRAM lines and NAND conversion investments. The target price set by Meritz Securities is the highest among all securities firm reports in the past six months, 8.4% higher than the average target price of KRW 26,750.
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Auto-posted at: 2025-04-08 09:02:06