[Click eStock] "Tirayutek Expected to Lead SK Group's Smart Factory Transition... Synergy with Autonomous Driving Robots Also Anticipated"

[Asia Economy Reporter Hyungsoo Park] Research Alom evaluated TIRAYUTECH on the 26th, expecting synergy with its core business due to its recent entry into the manufacturing and logistics autonomous driving robot business. The stock price outlook is 'positive,' and the target price was set at 15,500 KRW.

Senior Researcher Donghyun Lee of Research Alom explained, "Earlier this year, autonomous driving specialist company Clobot succeeded in securing follow-up investment from Hyundai Motor Group, which led to a limit-up in its stock price," adding, "Clobot is a company in which TIRAYUTECH secured about 11% of shares in 2020 and has strengths in autonomous driving software solutions."

Clobot is collaborating in developing TIRAYUTECH's hardware autonomous driving robots.

Lee emphasized, "To strengthen the autonomous driving robot business and facilitate fundraising, the robot division was spun off on January 1 this year," and added, "TIRAROBOTICS has been continuously focusing on product development, such as unveiling RoboL, a 100% in-house produced autonomous driving robot for rolltainer transport, in February this year."

He continued, "TIRAYUTECH's strength lies in the smart factory solution construction data and references secured over the past 15 years in the manufacturing sector," emphasizing, "Based on these references, SK made a strategic equity investment in 2018."

Furthermore, he introduced, "In 2016, SK also acquired a 26.6% stake in SMCORE, a company specializing in logistics automation construction," and explained, "SMCORE supplies hardware products necessary for smart factory construction, such as logistics robots and application equipment, to SK."

Lee judged, "Within the SK Group's smart factory transition, it is highly likely that SMCORE will be responsible for the hardware sector and TIRAYUTECH for the software sector."

He viewed, "TIRAYUTECH has secured large conglomerates such as SK, Samsung, and LG as clients, with an estimated large-corporate sales ratio exceeding 60%," and added, "Benefits are expected from the expansion of major clients, and there is a high possibility of turning profitable in the second half of the year."