1. PSK Holdings Q2 Earnings: What Happened?
PSK Holdings reported Q2 2025 revenue of KRW 108.4 billion (down 47.27% YoY), operating profit of KRW 20.5 billion (down 51.95% YoY), and net income of KRW 18.6 billion (down YoY). While revenue beat market expectations, both operating and net income fell short.
2. Reasons for Underperformance: Why These Results?
The revenue decline is attributed to weakened investments and delays in key markets. The decline in profitability is a result of several factors, including increased fixed costs despite lower revenue, rising raw material prices, and higher costs due to a strong USD.
3. Outlook and Investment Strategies: What’s Next?
In the short term, continued weak profitability could put downward pressure on the stock price. The market will be watching closely for improvements in orders and profitability. In the medium to long term, positive factors such as technological competitiveness, semiconductor market growth potential, and a solid financial structure remain in play. Significant profit improvement is expected upon market recovery. Investment strategies are as follows:
- Buy: Attractive from a medium- to long-term perspective, but confirmation of profitability improvement is needed.
- Hold: Monitor performance trends and assess profitability improvement in Q3 earnings.
- Sell: Continued weak profitability, lack of improvement momentum, and negative impact from litigation risks.