Duer Investment Securities raises the SL target stock price to 100,000 KRW... optimistic outlook for robot business growth

Daou Investment Securities has raised SL’s target stock price to 100,000 KRW, emphasizing its opportunities in the robotics industry. This is mainly due to SL’s recent rapid expansion of its market position in robotics-related businesses.

On the same day, Daou Investment Securities analyst Ryu Ji-hyung stated that SL is surpassing its original lighting business to develop new business lines, including supplying robot parts to Boston Dynamics and participating in contract manufacturing of mobile platforms for Hyundai Robotics Laboratory. He paid particular attention to the large-scale robot production base investment plan included in Hyundai Motor Group’s New Mankin project. This business hints at the possibility of SL engaging in contract manufacturing of robots, which could send positive signals to investors.

Additionally, with the increase in production of new sport utility vehicles, SL’s supply of parts to vehicle manufacturers is also expected to expand. SL mainly supplies parts to major vehicle manufacturers in the United States, and its market share is expected to grow significantly, which is also viewed as a positive factor.

Daou Investment Securities forecasts that SL’s annual operating profit this year will reach approximately 4.667 trillion KRW, a 15% increase from the previous year. This profit growth forecast, combined with its expansion in the robotics industry and auto parts supply, is expected to have a positive impact on the stock price.

This trend indicates that, with the commercialization of robotics and transformation in the automotive industry, SL may continue its upward momentum. Market attention is focused on how much SL can expand its influence in the vehicle and robot parts markets in the future.