[Click eStock] "SPG, Clear Direction"

[Asia Economy Reporter Hyungsoo Park] SangSangIn Securities on the 30th predicted that SPG's performance will improve as the sales proportion of reducers for robots and motors for cleanrooms increases. The target stock price was maintained at 14,800 won.

Kim Jang-yeol, head of SangSangIn Securities, explained, "The end customer is a semiconductor inspection equipment supplier to the number one memory semiconductor company," adding, "They have been steadily increasing the number of units sold since 2018."

He continued, "In August, we received approval for the SR reducer to be applied to automated machine tools (CNC) produced by Company A, the largest machine tool company in the United States, and started initial deliveries," adding, "SPG has begun to take market share from the existing leading company's products."

He emphasized, "The SR reducers for key customers are medium to large capacity, and demand is expected to increase," and "SPG already has the production capacity."

Kim said, "The average selling price is about six times that of SH reducers," and analyzed, "Although the proportion is insignificant this year, the potential and technological capabilities will have a positive impact on penetrating other markets."

He added, "It is difficult to predict how fast the growth will be," but said, "We are setting and responding with a goal of 30-50% market share within a few years."