"SPG Benefits from Domestic Demand for Robot Gear Reducers"

[Asia Economy Reporter Park Hyungsoo] Hana Financial Investment forecasted on the 31st that SPG will benefit from the increasing demand for domestically produced reducers for robots. They newly issued a 'Buy' investment rating and a target price of 20,000 KRW.

Kim Doohyun, a researcher at Hana Financial Investment, explained, "SPG succeeded in mass-producing precision reducers for robots domestically for the first time in 2019," adding, "Currently, the SH reducer holds a global market share of 70-80% by Japan's company H."

He continued, "Due to the high selling price and supply shortage, the demand for localization is growing," and added, "The SH reducer's strengths are price competitiveness and quick A/S response compared to overseas competitors."

Furthermore, "tests are underway to supply major domestic robot companies," and "the volume that SPG can secure turnkey is expected to increase significantly from 2023."

Researcher Kim stated, "the SR reducer has been supplied to Semes, a domestic semiconductor inspection equipment company, since 2018," and "it has passed the final test for major US machine tool companies, and full-scale supply is imminent."