Business · Companies · 3 hrs ago
Daishin cuts Partron rating as it forecasts weaker smartphone demand
Daishin Securities downgraded Partron from Buy to Marketperform and cut its target price from 7,500 won to 5,300 won.
Partron's third-quarter operating profit fell 65.8% from a year earlier, to 5.64 billion won, while sales fell 6.6%.
Weak Samsung phone sales and higher component costs weighed on the South Korean camera-module maker's results.
Daishin expects the global smartphone market to shrink for a second year as memory prices rise.
Partron's sales and operating profit are forecast to fall 4% and 12.1%, respectively, next year.
The brokerage also estimates that fourth-quarter sales and operating profit will decline, partly because production of lower-priced phones is expected to decrease.
Daishin Securities downgraded its rating on Partron from Buy to Marketperform and cut its target price from 7,500 won to 5,300 won.
The brokerage forecast that Partron’s revenue and operating profit would fall next year as smartphone demand weakens.
Partron reported third-quarter revenue of 356.2 billion won and operating profit of 5.64 billion won, down 6.6% and 65.8% from a year earlier.
The company’s net loss for the quarter was 4.49 billion won, which the article attributed to foreign exchange translation losses.
Daishin cited rising memory prices, weaker smartphone sales and higher materials costs as pressures on demand and profitability.
- Who
- Daishin Securities downgraded its rating on Partron, a camera-module company.
- What
- It lowered its rating from Buy to Marketperform and cut its target price from 7,500 won to 5,300 won.
- When
- The downgrade was reported on November 2, 2026.
- Where
- Not stated
- Why
- Daishin expects weaker smartphone demand and rising memory prices to weigh on Partron’s sales and operating profit.
This story does not have two clearly opposing sides.
Partron recorded revenue of 356.2 billion won and operating profit of 5.64 billion won, both lower than a year earlier.
Daishin downgraded Partron from Buy to Marketperform and cut its target price to 5,300 won from 7,500 won.
Daishin estimated that revenue and operating profit would decline by 11.8% and 82.8%, respectively.
Daishin projected that Partron’s revenue and operating profit would fall by 4.0% and 12.1%, respectively.
- Rating
- Lowered from Buy to Marketperform
- Target price
- Cut from 7,500 won to 5,300 won
- Third-quarter revenue
- 356.2 billion won, down 6.6% year on year
- Third-quarter operating profit
- 5.64 billion won, down 65.8% year on year
- Third-quarter net result
- Loss of 4.49 billion won
What people are saying
Next year, with memory prices expected to rise, we expect the global smartphone market to decline for the second consecutive year.
Mid-sized camera-module makers will face increased fixed-cost burdens as sales slow, and higher cost ratios will make it difficult to improve profitability.