[Edaily Reporter Kwon Oh-seok] #VM's stock price is surging in early trading. It appears that buying interest is surging on the back of positive outlooks from the securities industry.

According to MP Doctor on the 12th, as of 9:16 a.m., VM is trading at 95,100 won, up 11.75% from the previous trading day.
Earlier today, Daol Investment & Securities released a report raising its target price for VM by 46% from the previous 96,000 won to 140,000 won. This decision was based on the assessment that, despite the stock price having surged 182% since the start of the year, the company still has a lower valuation compared to peers in the equipment sector, and differentiated growth is expected following entry into new processes and client bases in 2027.
There are two main investment points. First is the company’s entry into the high-end segment of the poly (Poly) visual process based on new wafer test (WS) equipment. The firm noted that the outlook for field testing is positive following the completion of wafer testing at the end of the first quarter of 2027. Second is the entry into new overseas memory customers. Along with positive feedback from customers, wafer testing was completed ahead of schedule, and field testing is proceeding smoothly. It is assessed that revenue generation could begin as early as the first half of 2027.
Go Young-min, an analyst at Daol Investment & Securities, stated, “Considering the upstream market conditions and client investment plans, it is highly likely that the order volume will expand in 2027 compared to 2026. Furthermore, growth exceeding the clients’ investment trajectory is possible due to market share expansion resulting from the adoption of new processes by these clients.”
VM’s main client is #SK Hynix, with confirmed orders totaling 224.7 billion won as of the first half of this year. Order visibility has improved significantly following a series of orders from SK Hynix and SK Hynix China since January.