[Click e-Stock] "Intops, Both Value and Growth Combined"

Shinhan Investment Corp. forecasted on the 7th that Intops will be able to achieve both corporate value growth and continuous profit generation. No investment opinion or target price was provided.

Intops recorded sales of 577.4 billion KRW and an operating profit of 18 billion KRW last year. Seunghwan Choi, a researcher at Shinhan Investment Corp., analyzed, "Last year's sales were the lowest in 10 years, but despite the worst market conditions, there was no deficit," adding, "Operating profit turned positive due to low fixed costs and controlled selling and administrative expenses."

Researcher Choi expects a turnaround this year with mass production of robots and artificial intelligence (AI) devices. He said, "The mass production timing of wearable robots is expected in the second quarter of this year," and added, "With the mass production of high value-added new products, sales of around 500 billion KRW are possible without additional investment." He further explained, "Intops supports the development and mass production of AI device finished products in the form of open innovation," and added, "The mass production of Bear Robotics serving robots, which has contributed annual sales of 25 to 30 billion KRW since 2021, has also been carried out in this context."

Additionally, Researcher Choi highlighted corporate value growth. He explained, "Cash accumulated through low fixed costs and conservative selling and administrative expenses will be reinvested in high value-added businesses," and added, "Mergers and acquisitions (M&A) strategies are being considered in the robot, medical device, and semiconductor sectors, marking a period where the value of new businesses is added to the recovery trend of existing businesses."