[Market Focus] Halla Cast Secures Key Humanoid Client, "Establishes Mid- to Long-Term Growth Engine"

Halla Cast is surging. This is believed to be influenced by securities firms' analysis that the company has secured key clients in the humanoid sector, establishing a mid- to long-term growth engine.

As of 2:07 p.m. on October 15, Halla Cast was trading at 10,540 won, up 2,120 won (25.18%) from the previous trading day.

Halla Cast is a company specializing in die casting using materials such as aluminum and magnesium. Its main products include lightweight components used in autonomous vehicles, connected displays, and robots.

Kang Kyunggeun, a researcher at NH Investment & Securities, stated, "Through a partnership with a global artificial intelligence (AI) automaker, Halla Cast has expanded its business into the humanoid sector. The company was officially registered as a first-tier vendor in February and received an order for humanoid parts in May. It is expected to be responsible for producing the main frame for various components, such as batteries and sensors, that are applied inside humanoid bodies."

NH Investment & Securities estimated that the company's order backlog for this client stands at 118.6 billion won and expects orders to increase going forward. He emphasized, "Mass production of products related to the order backlog is scheduled to begin in the fourth quarter of this year. In line with the client's humanoid mass production schedule, Halla Cast's related orders are expected to increase rapidly."