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KET ranks 1st in terms of the domestic market share for connectors, a basic material for the automobile and electronics industry.
In 1999, the company recorded a sales performance rate that was even higher than that of the pre-economic crisis era, thanks to the boom in the domestic automobile market.
In 2000, thanks to the ever-expanding telecommunications connector market, the company is expected to record a dramatic growth with an increase in the sales of new products such as optical connectors and TCXOs. (In the earlier half of 2000, sales rose 28.3% to 52.6 billion won and operating income rose 72.3% to 10.5 billion won.)
Based on a healthy profit structure, the company currently maintains a stable cash flow and financial structure. This is likely to continue with an increase in the proportion of high value-added products in sales, continued efforts to enhance productivity, and an increase in the demand for connectors due to the electronification of automobiles.
Investment Focus - Rapid growth as a result of a strong mobile communications industry
KET maintains rapid growth with an increase in the sales of connectors, an automobile component, as a result of the resumption in the production of Samsung automobiles and the normalization of management of KIA Motors.
The company's profit structure has improved dramatically thanks to an increase in the sales of mobile communications-related products with high added value.
With a 72% increase in operating income during the early half of this year, the company has established a high-profit structure. In October, the company began producing junction boxes, an automobile module, which will likely increase sales.
Earlier this year, the company entered the mobile telecommunications parts market after entering into supply agreements with Telson Electronics and SK Teletech for TCXOs and VCOs.
The company improves its prospects for growth by expanding its business areas to optical communications and wireless communications. The company expects to acquire 100 thousand company stocks by November. The stock price is expected to go up since the intrinsic value of the stocks is greater than its current stock market price.
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