1. What Happened? LTC Special Relationship Holder Stake Change Announcement
The stake held by Choi Ho-seong and other special relationship holders in LTC has decreased from 30.65% to 30.18%. This decrease is due to various reasons, including on-market transactions, executive retirements, and changes in stock collateral loan agreements. Choi Ho-seong himself disposed of 18,967 shares through the exercise of CB call options.
2. Why? LTC Fundamental Analysis and Market Conditions
LTC experienced sluggish performance in the first half of 2025. Both operating profit and net income decreased due to declining sales in the semiconductor and FPD materials/equipment sectors and increased SG&A expenses. Currently, uncertainties such as a slowdown in the IT industry, exchange rate volatility, and rising raw material prices persist.
3. So What? LTC Stock Forecast and Investment Strategies
While there is a possibility of investor sentiment contracting in the short term due to the stake decrease, the mid- to long-term stock price trend depends on LTC’s fundamental recovery and the performance of its new businesses. Securing new growth engines such as QD-OLED, semiconductor equipment, OLED PR, and SOFC will be key variables. Ensuring management stability can also affect the stock price.
4. Investor Action Plan
- Closely monitor LTC’s earnings improvement trend and the progress of its new businesses.
- Risk management is necessary in response to changes in macroeconomic variables and industry conditions.
- Be mindful of the possibility of further stake changes and management changes.