Two Stocks Smiling Amid Doosan Robotics IPO Buzz

Interest in Comparable Companies Samik THK and Raon Tech for IPO Price Setting
Signs of Successful Listing...Related Stocks Already Stirring

As expectations rise for the successful IPO of collaborative robot company Doosan Robotics, which is proceeding with its KOSPI listing, the stock prices of peer companies Samick THK and Raontech, selected as comparable firms, are also fluctuating.

Doosan Robotics is conducting a demand forecast for institutional investors until today (the 15th). The expected public offering price range is 21,000 to 26,000 KRW, with a total anticipated offering amount between 340.2 billion and 421.2 billion KRW. According to investment banking (IB) industry sources, evaluations of Doosan Robotics have been positive recently as the robotics market gains momentum.

Riding this favorable sentiment, the stock prices of Samick THK and Raontech, selected as comparable companies during Doosan Robotics’ public offering price estimation, have also shown an upward trend. Since the disclosure of Doosan Robotics’ securities registration statement on the 23rd of last month, both Samick THK and Raontech have recorded gains exceeding 10% up to the day before yesterday.

Previously, Doosan Robotics selected a global peer group of 95 companies to estimate the public offering price. From these, companies with significant sales proportions in collaborative robot manufacturing and robot systems, as well as those that recorded operating profit and net profit in both last year and the first half of this year, were extracted.

Finally, companies that did not show abnormal stock price movements and were not designated as investment caution stocks by the exchange were narrowed down to a total of four comparable companies. These include domestic companies Samick THK and Raontech, and Japanese companies Fanuc and Yaskawa Electric.

Samick THK is a company engaged in the manufacturing of ball bearings, roller bearings, LM (Linear Motion) systems, and mechatronics systems. Its main product, the LM system, is essential for achieving high quality, low cost, and productivity improvements through automation. It is used extensively across industries such as machining centers, CNC lathes, robots, and semiconductors.

The mechatronics system is a component that realizes high-speed, high-precision position control using LM guides and ball screws. It provides solutions for Cartesian robots, precision stages, self-developed linear motors, and six-axis multi-joint robots. This business segment has grown into a core business, accounting for about 40% of Samick THK’s sales as of last year.

Raontech primarily operates in the manufacturing of robot systems for semiconductors and flat panel displays (FPD), industrial robots, and automation systems. Its flagship product is the semiconductor transfer robot, which is produced by only three companies worldwide. Recently, it passed quality certification for small- and medium-sized semiconductor fabs in North America and has begun supplying products. New supply to Chinese fabs is also expected in the second half of the year. KB Securities analyst Han Yu-geon commented, “It is positive that they are continuously expanding domestic and international references, which are the most important in semiconductor-related business,” and added, “With the completion of the new 7-axis semiconductor transfer robot development, overseas sales contributions are expected to increase.”