[Click e-Stock] "Emro Fully Equipped with Capabilities and Requirements for Overseas Market Expansion"

On November 19, Shin Young Securities stated that Emro has developed a wide range of capabilities and requirements for overseas market expansion over the past year, and is expected to increase its overseas customer base based on these achievements. The firm maintained its "Buy" investment rating and a target price of 50,000 won.

Jung Wonseok, a researcher at Shin Young Securities, explained, "Emro's operating profit in the third quarter of this year decreased compared to the same period last year, as fixed costs increased during the process of scaling up the company for overseas market entry."

He added, "Since officially entering the North American market last year, Emro has steadily built up the necessary requirements for overseas expansion, such as obtaining global security certifications and being included in reports by major market research firms."

Furthermore, he noted, "The clients Emro has secured in the North American market so far are pursuing the adoption of additional modules," and analyzed, "There should be no difficulty in securing positive references from these initial clients." He went on to forecast, "This will be a key factor in accelerating the expansion of Emro's overseas customer base in the future."

He also emphasized, "Emro is currently conducting PoC (Proof of Concept) projects with various companies in the North American and European markets, further enhancing the functionality of its global SRM SaaS solution, Caidentia." He commented, "It is also positive that the monetization of the agentic AI solution, which supports various work processes through chatbots within the procurement system, has begun."