KPF, Fastener Business Turnaround...Forecasts Big Earnings Growth Next Year
NH Investment & Securities said on the 17th that KPF is expected to see significant earnings growth next year
due to the turnaround of its Fastener business. It did not provide target stock prices and investment opinions.
NH Investment & Securities researcher said, "The company produces and sells forged parts for automobiles
such as fastener, bearings, and gears, represented by bolts and nuts, and has ship cable company TMC
and precision reducer and bearing company SBB Tech as major subsidiaries." "The shipbuilding industry is expected
to grow in the mid-to long-term, and the company's ship cable business occupies the No. 1 global market share with its subsidiary TMC,
and its domestic market share is also more than 50%."
"Domestic shipbuilders are securing work from 2027 to 2028, and the company's ship cable performance is expected to continue
to grow as the construction cycle gradually arrives, and TMC expects to contribute to the company's full-fledged performance
from this year following the turnaround last year," the researcher said. "Fastener, the company's base business, is expected to
invest in global infrastructure after the U.S. presidential election, and the turnaround will begin in the second half of the year
and break its maximum performance next year."
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