[Click eStock] "Douzone Bizon, Target Price Set at 100,000 Won"

Kiwoom Securities newly set the target price for Douzone Bizon at 100,000 KRW.

For the second quarter, it forecasted sales of 98.1 billion KRW and operating profit of 20.6 billion KRW. This is understood to be due to strong sales of strategic products and cost control, among other factors enhancing profitability.

In the second half of the year, the effect of the new AI product lineup will be fully reflected in the performance. Accordingly, the 2024 performance forecast is sales of 408.8 billion KRW and operating profit of 88.8 billion KRW, and it is judged that further upward revisions of the forecast are possible depending on the results of the AI product lineup.

Attention was drawn to the transformation from an existing ERP-specialized ICT company to a leading AI transition company. Recently, the AI solution {_원 AI_} was launched. {_원 AI_} applies AI technology to existing enterprise business solutions to automate document work, and varies the billing scale received according to the customer's use of AI functions. Due to the high effect of improving work efficiency, it is expected to promote new demand not only for {_원 AI_} sales itself but also for the existing product lineup.

The existing ERP 10 with applied AI technology, 'OmniEsol,' is also about to be launched. Based on enhanced product competitiveness, it is expected to actively expand sales to large corporations and major public enterprises that have a high dependence on overseas companies. The competitiveness of the AI solution lies in the vast data accumulated from the digital transformation process and the ease of integration with existing solutions through this data. Oh Hyun-jin, a researcher at Kiwoom Securities, said, "As a differentiator from competitors, it is judged that it will lead the era of digital transformation of enterprise business solutions."