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KPF, Fastener Business Turnaround...Forecasts Big Earnings Growth Next Year

  • Date : 2024.07.17 10:10
  • Hit : 5,293

KPF, Fastener Business Turnaround...Forecasts Big Earnings Growth Next Year 



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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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