[Featured Stock] TSI Surges 12% on Large-Scale Orders Securing Profitability

TSI is soaring as the market opened on the 24th. As of 9:11 AM, TSI is trading at 13,210 KRW, up 11.46% from the previous trading day. It even surged to 14,160 KRW in the early session.

This is interpreted as a result of a report released on the day. Daishin Securities forecasted that TSI, a secondary battery equipment company, will show rapid growth this year by securing large-scale orders from domestic and overseas clients. The investment opinion 'Buy' and the target price of 15,000 KRW were maintained.

Researcher Shin Seok-hwan of Daishin Securities explained, "TSI supplies secondary battery mixing systems (turnkey) to battery companies, which involves high technical difficulty, and large-scale orders from domestic and overseas clients are expected." He added, "There is potential for additional orders and upward revision of earnings." He further stated, "TSI's expected sales this year are 291.6 billion KRW, a 96% increase from the previous year, and operating profit is expected to rise 468% to 28 billion KRW, indicating significant growth. The growth is driven by large-scale orders from major domestic clients, additional orders from global clients, and orders with secured profitability."

Researcher Shin analyzed, "TSI's order backlog grew significantly to 254.9 billion KRW at the end of last year, compared to 100.3 billion KRW in the same period last year." He added, "Considering the equipment production period (9 to 12 months) and the operation start time of major clients' factories, most of this will be recognized as sales this year." He continued, "New orders this year are estimated to exceed 300 billion KRW, following the large-scale order timelines of domestic and overseas clients." He also noted, "Through the development of mixing equipment technology for all-solid-state batteries and hydrogen fuel cells, TSI has secured mid- to long-term growth drivers."