Leeno Industrial
Leeno Industrial is rated Hold with a fair value of ₩67,282, a 9.2% upside to the current price of ₩61,600. The analysis sees structural demand from more complex chip testing, such as Apple’s WMCM packaging and HBM4, along with a near-doubling of capacity from the new Busan plant, as long-term support for its ~70% share of the wafer-test pin market. Near term, however, we expect the July to September strike and lost orders to competitors to weigh on the stock through a weak Q3 release.
Jinwoo Jung·25 Oct 2026·With Oliver Head PDF Model