0609 GMT - BH's earnings may be pressured this year by a fixed-cost burden and low utilization rates at its newly invested information-technology organic light-emitting diode production line, Nomura analysts Eon Hwang and Heesoo Min write in a note. They lower their 2025 operating-profit forecast for the South Korean supplier of flexible printed circuit boards and other parts for Apple products by 21%. They, however, expect BH to improve from 2H and grow strongly in 2026, possibly driven by a wider adoption of OLED panels for more iPads and Macbooks. Nomura cuts the stock's target price by 18% to KRW18,000 but keeps a buy rating. Shares are 1.9% higher at KRW15,750.(kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 01:09 ET (06:09 GMT)
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