[Featured Stock] Hanbit Laser, a 'SPAC Listing', Surges 16.45%

The stock price of Hanbit Laser, which became the first Special Purpose Acquisition Company (SPAC) merger listing company this year, is strong on the 12th.

As of 11:07 a.m. on this day, Hanbit Laser is trading at 16,780 won, up 2,370 won (16.45%) compared to the previous trading day. Hanbit Laser, which entered the KOSDAQ market on the 4th, recorded the upper limit price on its first day of listing and closed higher on all days except the previous day. Hanbit Laser, a specialized company in advanced industrial laser equipment, was listed through a merger with DB Financial SPAC No.10 by the SPAC dissolution method.

On the 4th, officials are taking a commemorative photo at the Hanbit Laser Co., Ltd. KOSDAQ market listing ceremony held at the Korea Exchange in Yeongdeungpo-gu, Seoul. From the left: Chaenamgi, Chairman of the Korea IR Council; Hong Sunwook, Head of the KOSDAQ Market Division at the Korea Exchange; Kim Jungmook, CEO of Hanbit Laser; Kwak Bongseok, CEO of DB Financial Investment; Kang Wangrak, Vice Chairman of the KOSDAQ Association.
[Image source=Yonhap News]

On this day, researchers Yoon Cheol-hwan and Lee Do-hee from Korea Investment & Securities said, "Last year, Hanbit Laser recorded sales of 8.2 billion won and an operating loss of 200 million won in the first half. Due to strong seasonality, the sales ratio is usually about 30% in the first half and 70% in the second half." They added, "Last year, growth in the secondary battery sector slowed due to the impact on the front-end industry. However, the automotive sector performed well, led by the active rear-wheel steering system (RWS) and busbar welding products, and both revenue and profit are expected to improve compared to the previous year."

They continued, "This year, while the automotive sector grows steadily, the secondary battery sector will lead the overall company's performance. The new business sector is expected to act as a mid- to long-term growth driver. The roll-to-roll film processor for electric vehicles has completed sample testing and is preparing for mass production. The roll-to-roll laser notching equipment and series-type charge-discharge system for secondary batteries have completed development," they added.