[Click eStock] “Intellian Technologies, Benefiting from Global Low Earth Orbit Internet Services”

Kiwoom Securities analyzed on the 12th that Intellian Technologies is expected to benefit from the launch of global low Earth orbit internet services.

Han-gyeol Lee, a researcher at Kiwoom Securities, stated in a report on the same day, “Intellian Technologies' major client, OneWeb, has completed the construction of a low Earth orbit communication satellite network and will officially launch global low Earth orbit satellite internet services within the first half of this year,” adding, “Depending on the activation level of OneWeb's services, the company's delivery of flat-panel antennas is expected to begin in earnest from the second half of the year.”

Researcher Lee also forecasted, “Since they are additionally developing antenna product lineups for ground mobility, maritime, and aviation, the application areas of antennas will expand from 2025, leading to continued sales growth.”

Furthermore, he analyzed, “In addition to antenna products, the delivery of low Earth orbit satellite gateways for Company A is progressing, which will result in overall low Earth orbit business-related sales growing by more than 50% compared to last year.”

He projected Intellian Technologies' sales and operating profit for next year to be 387 billion KRW and 37.9 billion KRW, respectively, representing increases of 26% and 164.1% compared to the previous year.

He added, “Although a slowdown in growth is inevitable due to standby demand for new products in the core maritime VSAT sector, the sharp growth in the low Earth orbit communication antenna sector will continue this year, maintaining the trend of improved performance.”