[Special Stock] Seers Technology Hits Record High on Strong Earnings and Corporate Value Outlook

Seers Technology is showing strong performance in early trading.

As of 9:04 a.m. on August 22, Seers Technology was trading at 40,750 won, up 7.24% (2,750 won) from the previous day, reaching a new 52-week high.

Investor sentiment appears to have been boosted by expectations in the securities market that Seers Technology, which delivered a 'surprise earnings' result in the second quarter, will continue to benefit from operating leverage for some time. In the second quarter, the company recorded sales of 8 billion won (up 800% year-on-year) and an operating profit of 1.5 billion won, marking a turnaround into the black.

Yoon Cheolhwan, a researcher at Korea Investment & Securities, stated, "It is important to note that this turnaround into profit is not a one-off event, but rather the starting point for mid- to long-term high growth." He added, "As the number of wards adopting the THINK service is expected to surge from 3 in 2023 to 26 in 2024 and to over 100 in 2025, the visibility of growth in the second half of the year is high."

Seers Technology is a company that predicts, diagnoses, and monitors diseases based on algorithms that analyze biometric signals. Its main products include the long-term wearable analytics service 'MobiCare' and the real-time inpatient monitoring service 'THINK.'

Park Jonghyun, a researcher at Daol Investment & Securities, commented, "Seers Technology achieved the fastest turnaround into profit among domestic medical artificial intelligence (AI) companies, and its corporate value is also expected to rise due to concrete overseas expansion in the United States and the Middle East." He estimated next year's annual sales at 55.6 billion won (+79%) and operating profit at 19.5 billion won (+229%). He suggested a fair market capitalization of 700 billion won.