Hana Materials Q2 Operating Profit Forecast Surges 176%, Shinhan Raises Target 43% to ₩83,000

According to Shinhan Investment Securities on July 22, Hana Materials' Q2 operating profit is expected to surge 176% year-over-year to ₩23.4 billion, with revenue reaching ₩93 billion. The brokerage raised its target price 43% to ₩83,000 and maintained a buy rating, citing improved semiconductor demand for etching components and rising factory utilization rates approaching 90%.
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