[Special Stock] Sebang Battery Hits Highest Point in 35 Months... Highlighted as Beneficiary of Hybrid Cars

Highest Stock Price Since June 2021
Essential 'AGM' Production for Hybrid Cars
Hybrid Car Demand Increase → Operating Profit Growth of 200%

The stock price of Sebang Battery is soaring. It has reached its highest point in 2 years and 11 months. This appears to be influenced by the visible improvement in performance due to the increased demand for hybrid cars.

As of 9:24 AM on the 9th, Sebang Battery is trading at 114,400 KRW, up 2.60% (2,900 KRW) from the previous day. It has broken its 52-week high for three consecutive trading days. Looking further back, this is the highest point since June 2021, when it recorded 112,500 KRW. The stock price of Sebang Battery seems to be making a rapid breakout from a long-term box range of about three years.

Sebang Battery is a company that manufactures and sells the vehicle and industrial lead-acid battery brand "Rocket Battery." In the past, lead-acid batteries for internal combustion engine vehicles were the main source of revenue, but since 2013, it has improved its business structure by commercializing high-performance AGM (Absorbent Glass Mat) batteries. AGM is a next-generation battery installed in hybrid and electric vehicles.

In particular, with the recent increase in demand for hybrid cars, performance improvement is becoming visible. According to the automotive industry trends announced by the Ministry of Trade, Industry and Energy, 111,766 hybrid cars were sold domestically in the first quarter of this year, which is a 39.6% increase compared to the same period last year. The overseas market also grew by 5.8% compared to the same period last year.

Kim Suhyun, a researcher at DS Investment & Securities, said, "An explosive profit growth is expected with consolidated sales of 480 billion KRW and operating profit of 46 billion KRW in the first quarter," adding, "The high sales growth is due to the significant increase in AGM sales primarily for hybrid vehicles, price increases and exchange rate effects, and sales growth of the subsidiary Sebang Lithium." If operating profit meets estimates, it would represent a 209% growth compared to the same period in 2023. Annual sales are also expected to approach 2 trillion KRW, surpassing last year's 1.685 trillion KRW.