[Click eStock] "ITech, Angel Robotics Gaining Attention as Robot Stocks Ahead of Listing"

Independent research firm Valuefinder analyzed on the 21st that ITEC is a robot stock worth paying attention to ahead of Angel Robotics' listing.

ITEC is a company specializing in the production and manufacturing of semiconductor testing. It currently has secured about 167 domestic and international clients. Additionally, through its subsidiaries, it holds a diverse business portfolio including cosmetics, cold chain, graphene, robotics, and secondary batteries.

Lee Chungheon, a researcher at Valuefinder, stated, “Samsung Medicos, which is 100% owned by ITEC, possesses the fourth-largest cosmetics OEM production facilities in Korea,” adding, “They are preparing to produce products for global cosmetics companies such as Natura and L'Or?al, and have launched their own brand ‘Curest’, aiming to supply Daiso starting from the second quarter of this year.”

Furthermore, ITEC entered the robotics market by acquiring a 40.56% stake in integrated operation solutions company Lead& in July last year for 3.3 billion KRW, making it a subsidiary. The researcher noted, “Lead& is currently understood to be developing applications and operating systems for autonomous robots applying quadruped walking technology and LiDAR,” and assessed, “If recognized as a company owning an actual robot product brand, it has the potential to stand out in the market as a robotics-related stock.”

In addition, the secondary battery business is also progressing smoothly, exporting to five countries at the request of Mercedes-Benz. He analyzed, “The secondary battery subsidiary BA Energy supplies products and systems for storing and processing used batteries,” and added, “In April last year, exports were made at the request of Mercedes-Benz Korea and in December to Mercedes-Benz in Japan, Thailand, Malaysia, and India, and after completing the establishment of the US branch this year, expansion in the US is expected.”