[Special Stock] Hi-Vision Exceeds Expectations, Additional Collaboration Expected with VisionPro Company A... Severely Undervalued Compared to KoYoung

Hi-Vision System is showing strong performance. Securities firms' analysis that the company will continue to grow through the delivery of VisionPro camera module inspection equipment and the promotion of new businesses appears to be influencing the stock price.

As of 9:16 AM on the 31st, Hi-Vision System was trading at 21,200 KRW, up 1,790 KRW (9.22%) compared to the previous trading day.

Jongseon Park, a researcher at Eugene Investment & Securities, explained, "Stable sales growth continues due to the expansion of items related to existing camera module products and the expansion of business areas," adding, "It is expected to have achieved the highest performance since its establishment last year."

He continued, "There is a high possibility of securing orders exceeding 300 billion KRW this year," and added, "With the establishment of an Indian subsidiary, sales to Company A in India are expected to occur."

He analyzed, "We are supplying module inspection equipment for multiple cameras installed in VisionPro, so benefits are expected," and "It is estimated that about 200,000 units were sold within 10 days after the pre-order for the VisionPro, a virtual reality (VR) and augmented reality (AR) headset, began." Researcher Park said, "This sales performance exceeds market expectations," and added, "With market expectations for VisionPro and anticipated future market growth, based on the CEO's high expectations for the next product, significant production expansion and additional product supply are expected."

Researcher Park predicted, "There will be increased demand for various equipment not only due to the increase in supply of camera module inspection equipment but also for product performance improvements and function upgrades for long-term use." He emphasized, "Based on strong relationships with clients and technological capabilities, it will be possible to supply inspection equipment in various fields."

It is estimated that last year's sales reached 321.8 billion KRW and operating profit was 61 billion KRW, representing increases of 62.8% and 143.2%, respectively, compared to the previous year. Researcher Park analyzed, "Based on this year's expected performance, the price-to-earnings ratio (PER) is about 5.8 times," and added, "This is significantly discounted compared to the domestic peers' average PER of 15.5 times, including companies such as Koyoung, Vieworks, Cowintech, and Femtron."