[Click eStock] "IntellianTech Enters Stage of Accelerated Investment by Clients"

NH Investment & Securities analyzed on the 24th that Intelian Tech's clients have entered an accelerated investment phase.

Shim Eui-seop, a researcher at NH Investment & Securities, stated in a report on the same day, "The company announced a supply contract for Ground Gateway Antennas worth approximately 89 billion KRW the day before," adding, "Although the contracting party was not disclosed due to confidentiality requests, it is presumed to be an additional supply to Company A based on previous announcements on April 24 and August 17, 2023, regarding additional mass production supply contracts with the same party."

Researcher Shim said, "Through three contract announcements including this supply contract, we confirmed that the investment pace of the client is accelerating," and forecasted, "In particular, this announcement not only significantly increased the order size but also advanced the supply schedule, which will enhance performance visibility in 2025."

He added, "Sales of gateway antennas are expected to increase from about 30 billion KRW this year to over 100 billion KRW in 2025," and said, "As existing medium- and geostationary orbit satellite communication operators expand their entry into the low Earth orbit market, the company's phased array antennas and gateway antenna client base are also expected to continue expanding."

Furthermore, he analyzed, "With sales reaching 570 billion KRW and operating profit of 70 billion KRW in 2025, the investment results will be reflected in performance, significantly exceeding market expectations," and "As the low Earth orbit satellite communication market opens, the company is expected to benefit and its corporate value to be re-rated amid expanding investments by operators."