Korea Stock Market Insights

Tag: KOSES

  • KOSES (089890) Soars with Secondary Batteries! 2025 Half-Year Earnings Analysis: A Turnaround Success

    1. KOSES 2025 Half-Year Earnings: Key Highlights

    KOSES recorded sales of KRW 17 billion, operating profit of KRW 6.8 billion, and net profit of KRW 3 billion in the first half of 2025, marking a successful turnaround. This impressive performance significantly exceeded market expectations.

    2. The Secret to the Turnaround: The Rise of the Secondary Battery Business

    KOSES’s turnaround is attributed to the rapid growth of its secondary battery business. Driven by the booming secondary battery market, KOSES achieved both sales growth and improved profitability. This success more than offset the sluggish performance of the semiconductor equipment division.

    3. Solid Financial Structure: A Foundation for Stable Growth

    KOSES has also steadily improved its financial soundness. With an increase in total equity and a decrease in the net debt ratio, the company has secured a stable financial structure. Furthermore, significant improvements in operating cash flow have provided KOSES with the investment capacity for future growth.

    4. Future Outlook: Steady Growth Expected

    KOSES is expected to continue its steady growth based on the growth momentum of the secondary battery business. Further performance improvements can be expected upon the recovery of the semiconductor market. However, continuous attention to exchange rate and interest rate volatility, as well as inventory management, is necessary.

    5. Action Plan for Investors

    • Short-term investment: A short-term investment strategy can be formulated considering the current stock momentum.
    • Mid-to-long-term investment: Mid-to-long-term investment can be considered given the growth potential of the secondary battery market and KOSES’s competitiveness.
    • Risk management: It’s crucial to pay attention to exchange rate fluctuations, interest rate volatility, and semiconductor market conditions for effective risk management.

    Q: What are KOSES’s main businesses?

    A: KOSES’s main businesses include semiconductor manufacturing equipment, secondary battery manufacturing equipment, laser application equipment, Conversion Kits, and After-Sales Service.

    Q: What were KOSES’s financial results for the first half of 2025?

    A: KOSES recorded sales of KRW 17 billion, operating profit of KRW 6.8 billion, and net profit of KRW 3 billion in the first half of 2025.

    Q: What is the outlook for KOSES’s future growth?

    A: Positive growth is expected, driven by the growth of the secondary battery business and the recovery of the semiconductor market.

  • KOSES (089890) After-Hours Block Trade: Opportunity or Red Flag?

    1. What Happened?

    On August 20, 2025, a pre-market after-hours block trade saw 450,000 shares of KOSES, totaling ₩5.1 billion, change hands. The purchase by other corporations and the sale by foreign investors are open to various interpretations.

    2. Why Did This Happen?

    After-hours block trades often reflect large capital movements or strategic decisions by specific investors rather than fundamental changes in a company. It’s difficult to determine whether this transaction relates to KOSES’s business report amendment (regarding the supply contract with Enovix Corporation for secondary battery equipment) or simply profit-taking. The recent growth of the secondary battery market and KOSES’s contract with Enovix are positive factors, but the poor performance in 2024 remains a concern.

    3. What’s Next?

    In the short term, purchases by other corporations could positively impact the stock price, but the poor 2024 performance and market uncertainties could exert downward pressure. In the long term, the growth of the secondary battery business, the fulfillment of the Enovix contract, and improvements in profitability will determine the stock’s direction. The rise in the KRW/USD exchange rate could be positive for USD-based sales.

    4. What Should Investors Do?

    • Avoid being swayed by short-term price fluctuations and focus on KOSES’s fundamentals and growth potential.
    • Continuously monitor the progress of the Enovix contract, the achievement of 2025 earnings forecasts, and efforts to improve performance in the semiconductor business segment.
    • Be mindful of risk factors such as intensifying competition in the secondary battery market, investment fluctuations by major clients, and fluctuations in exchange rates and the macroeconomic environment.
    What does the KOSES after-hours block trade mean?

    On August 20, 2025, 450,000 KOSES shares (₩5.1B) were traded in an after-hours block trade. Purchases by corporations and sales by foreign investors suggest various interpretations, from investment strategies to profit-taking. It’s more likely a signal of market participant activity than a reflection of fundamental change.

    Is it a good time to invest in KOSES?

    Investment decisions are your responsibility. Focus on fundamentals and growth potential, not short-term price swings. Monitor the Enovix contract, 2025 earnings forecasts, and semiconductor performance improvements. Be aware of risks: 2nd battery market competition, client investments, and exchange rate fluctuations.

    What is the future outlook for KOSES?

    The growth of the 2nd battery business, fulfillment of the Enovix contract, and profitability improvements are key to KOSES’s long-term stock price. Recent poor performance is concerning, but the growing 2nd battery market is positive. Continuous monitoring is essential.