What Happened? – Analysis of BH’s After-Hours Block Trade
On September 16, 2025, BH recorded a significant after-hours block trade of 1,646,054 shares, totaling ₩29.4 billion. Financial investors bought, while other corporations sold. What impact will this transaction have on the market?
Why Did This Happen? – Background and Fundamental Analysis
BH’s first-half 2025 results were disappointing, with declining sales and a shift to an operating loss. The main cause was a general decline in sales in the FPCB business segment, and foreign exchange fluctuations and foreign exchange losses also had a significant impact. High debt-to-equity ratio remains an ongoing concern. However, the growth potential of RF/Build-up FPCB and the automotive electronics division are positive aspects.
So What Happens Next? – Market Impact and Investment Strategies
This block trade presents both a positive aspect, the inflow of buying by financial investors, and a negative aspect, the poor performance. In the short term, there is a possibility of a stock price increase due to the buying by financial investors, but the process of absorbing the sold volume and future earnings improvement will be critical. In the medium to long term, attention should be paid to the growth potential of FPCB and automotive electronics businesses, while closely monitoring debt-to-equity ratio management and foreign exchange risk.
Investor Action Plan
- Short-term investment: Be aware of increased stock price volatility, observe the process of absorbing the sold volume, and pay attention to the next quarter’s earnings announcement.
- Mid- to long-term investment: Monitor the growth potential of the FPCB and automotive electronics business, debt-to-equity ratio management, and foreign exchange risk hedging strategies.