[Click eStock] "SG, Focus on Turnaround and Overseas Expansion Momentum"

On the 13th, SK Securities analyzed that SG, a specialized asphalt concrete company, will achieve high growth through overseas expansion.

Seonjae Heo, a researcher at SK Securities, stated, "2025 will be the first year of SG's turnaround," adding, "With the resumption of government contract orders due to the relaxation of regulations on small and medium-sized enterprises and the expansion of orders for the eco-friendly asphalt concrete production facility SGR+, domestic performance is expected to recover, resulting in consolidated sales of 192.3 billion KRW and operating profit of 12.9 billion KRW."

He continued, "The market perceives SG simply as a Trump trading theme, but this is only part of the overseas expansion plan," emphasizing, "The essence of growth lies in penetrating new markets through the new Eco Steel Asphalt Concrete product."

He also analyzed, "If the company's planned overseas expansion of Eco Steel Asphalt Concrete begins within this year, additional performance growth will be added, and in the mid to long term, overseas performance is expected to surpass domestic results."

Researcher Heo also pointed out the importance of India, where the potential sales generation point is expected to be earlier and larger compared to Ukraine. SG is participating in national road construction in Rajasthan, India, which is more than three times the size of South Korea's territory, and sales generation is expected to begin as early as the second half of this year.