The shares of OLED-related equipment and component companies are rallying in full force. These companies had undergone difficulties since 2012 primarily due to excessive investment but the sentiment reversed this year.
Supply declined due to restructuring which lasted until last year, while demand rose as Apple decided to follow suit with Samsung Electronics in adopting OLEDs for its iPhone.
Following Samsung Electronics, LG Display is beefing up its investment in the OLED area, brightening the earnings prospect for OLED-related equipment stocks.
A good example of this trend is BHflex, a supplier of OLED FPCB for Samsung Electronics, which is listed on the KOSDAQ market.
On July 19, it was closed at 23,750 won, up 200 won or 0.85 percent from the previous day. Since June 21 when it carried out a capital increase without consideration, its shares rose by more than 40 percent in less than one month.
Amid expectations that the demand for OLED components would rise ahead of Apple's releasing of the iPhone 8, BHflex is expected to generate more than 20 billion won in quarterly operating profit starting from the third quarter of this year.
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