News Snapshot:
The authors are analysts of Shinhan Investment Corp. They can be reached at hsh0628@shinhan.com and wonyong.sim@shinhan.com, respectively. – Ed. Initiate coverage with BUY for a target price of KRW35,000 We initiate our coverage of PIMS with BUY for a target price of KRW35,000, based on a 12-month forward EPS of KRW1,746 and a target PER of 20.3x. In 2021, PIMS should be able to fully recover from the shock of US-China trade disputes that hurt business in 2020. Capacity utilization rates began to rise rapidly in 2Q21 with Chinese smartphone makers increasingly adopting OLED displays. On the back of capacity...
