Business · Companies · 3 hrs ago
Simmtech shares jump after quarterly operating profit beats forecasts
Simmtech shares rose nearly 10% early on Nov.
4 in South Korea, reaching 123,500 won at 9:13 a.m.
local time.
The company makes printed circuit boards used in semiconductors and communications devices.
Its third-quarter operating profit was 101.8 billion won, up 721.6% from a year earlier.
That result was about 20% above the 84.7 billion won market forecast, helping explain the sharp rise in the shares.
Higher factory use and more high-value products were cited as reasons for the improvement.
A Hana Securities analyst raised the stock’s target price from 170,000 to 210,000 won and said it could recover strongly if concerns about global AI demand ease.
The available information does not say what Simmtech or its shares will do next.
Simmtech shares rose nearly 10% in early trading on Nov. 4 after the company reported third-quarter operating profit above market forecasts.
Operating profit was 101.8 billion won, up 721.6% from the same period a year earlier.
The result was 20.02% above the 84.7 billion won market forecast compiled by Yonhap Infomax.
Simmtech shares were up 9.97% at 123,500 won at 9:13 a.m. on the KOSDAQ market.
Hana Securities analyst Kim Min-kyung raised her target price for Simmtech to 210,000 won from 170,000 won.
- Who
- Simmtech, a maker of printed circuit boards for semiconductors and communications equipment.
- What
- Its shares climbed after third-quarter operating profit exceeded market forecasts.
- When
- Nov. 4, 2026; the share price was reported at 9:13 a.m.
- Where
- The KOSDAQ market in South Korea.
- Why
- The company reported third-quarter operating profit of 1,018 billion won, above the market forecast of 847 billion won.
This story does not have two clearly opposing sides.
Simmtech announced third-quarter results that exceeded market expectations.
Simmtech shares were up 9.97% at 123,500 won on the KOSDAQ market.
- Third-quarter operating profit
- 1,018 billion won
- Year-on-year operating-profit growth
- 721.6%
- Market forecast
- 847 billion won
- Share-price gain
- 9.97% at 9:13 a.m. on Nov. 4
- Revised target price
- 210,000 won, up from 170,000 won
1 source
What people are saying
Capacity utilization rose and the share of high-value-added products expanded, leading to a sharp improvement in results.
Although the share price fell 28% over the past month, it is expected to show the strongest recovery if concerns about global AI demand ease.