KB Securities Initiates PSK Coverage With Buy Rating, 280,000 Won Target on July 7

According to KB Securities, analyst Lee Chang-min on July 7 initiated coverage of semiconductor equipment maker PSK with a buy rating and a 280,000 Korean won target price. The analyst expects PSK to benefit from global chipmakers' expanding capital expenditure (Capex) cycles across all applications and customer segments.

KB Securities forecasts PSK's 2026 revenue will increase 48% year-over-year to 678.7 billion won, with operating profit surging 109% to 184.6 billion won and operating margin reaching a record 27.2%. Over the next three years, the firm projects revenue compound annual growth rate of 27% and operating profit CAGR of 34%, driven by memory chipmakers' new fab openings starting in 2027.