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Wonik IPS price target raised to KRW48,000 from KRW32,500 at UBS

Published 22/09/2025, 12:42
Wonik IPS price target raised to KRW48,000 from KRW32,500 at UBS
000660
2.87%
005930
0.20%
240810
-1.46%

Investing.com - UBS raised its price target on Wonik IPS (KS:240810) to KRW48,000 from KRW32,500 on Monday, while maintaining a Neutral rating on the stock.

The price target increase follows UBS’s third-quarter Asia-Pacific Technology Tour, where industry checks reinforced expectations that DRAM wafer fabrication equipment (WFE) demand will remain strong through 2026, primarily driven by new fab ramps at Samsung and SK Hynix.

Wonik IPS is expected to begin delivering tools to SK Hynix’s M15X facility in late October or early November 2025, with revenue recognition starting in the first quarter of 2026. The company will likely see continued investment throughout 2026.

Samsung’s DRAM capacity expansion and 1c nanometer technology implementation will provide additional revenue support for Wonik IPS in 2026. The company is also scheduled to deliver tools to The Taylor logic foundry fab in the first half of 2026.

UBS noted that Wonik IPS maintained a more conservative outlook on NAND flash memory, confirming that investments in this segment remain focused on process upgrades rather than capacity additions, with limited signs of significant improvement extending into 2026.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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