[Click e-Stock] "Hanla Cast, a Hidden Gem... Rising Expectations for Next Year's Performance"

On September 3, SK Securities assessed Hanla Cast, stating, "With solid order backlogs secured across various sectors such as future mobility, humanoid robots, and batteries, expectations for performance growth next year and the year after are rising."

Founded in 1996, Hanla Cast has established a dominant position in the magnesium die-casting sector, expanding into diverse industries including smartphones, automobiles, home appliances, and robotics. Die casting is a technology that melts special metals such as aluminum, zinc, and magnesium at high temperatures and injects them into molds under high pressure, enabling the rapid production of precise and durable metal components. Hanla Cast is currently manufacturing components for future vehicles, displays, home appliances, and robots, equipped with a wide range of die-casting facilities from 125 tons to 2,500 tons.

Na Seungdoo, a researcher at SK Securities, commented, "Relationships with client companies that began with smartphone metal components have now extended to increased demand for autonomous driving and display electronic parts for future vehicles." He added, "The volume of orders that has surged since last year is expected to lead to mass production and sales within the next two to three years, following product development and verification periods."

Discussions on cooperation with major overseas companies are also actively underway, both in existing and new business areas. He projected, "Hanla Cast has already secured approximately 350 billion won in new orders by the first half of this year, and next year, the company is likely to achieve an even higher level of orders than this year."

Hanla Cast went public on the KOSDAQ on August 20 with an initial offering price of 5,800 won and has since experienced a period of short-term stock price adjustment. The proportion of shares available for trading immediately after the IPO reached about 33%, and the stake held by existing professional investors was close to 17%, leading to what is considered an inevitable adjustment. Additionally, the release of about 13% of shares from a one-month lock-up also contributed to short-term stock weakness.

However, researcher Na forecasted, "Amid the global supply chain reorganization, it is difficult to find companies with similar die-casting technology and experience. The robust order backlog and continued interest from global companies are positive long-term factors." He also cited the expansion of production capacity using IPO proceeds and scaling up as additional growth drivers.