News Snapshot:
The authors are analysts of Shinhan Investment Corp. They can be reached at hyungwou@shinhan.com and ym.ko@shinhan.com, respectively. -- Ed. 3Q21 review: Solid results considering IT supply disruptions Koh Young Technology reported operating profit of KRW10.4bn (+195% YoY) on sales of KRW61.9bn (+51% YoY) for 3Q21, missing the KRW11.3bn market estimate. We believe earnings fell short as client companies delayed orders due to supply/production disruption issues, such as the power crunch in China and supply shortages in semiconductors. However, we remain upbeat with the earnings results of client companies and Koh Young Technology showing clear signs of a recovery in capex...
