[Click e-Stock] "Gaon Group's Overseas Orders Increasing Rapidly"

On January 8, Kiwoom Securities analyzed that Gaon Group's overseas orders have been rapidly increasing recently, particularly in Europe and North America.

Oh Hyunjin, a researcher at Kiwoom Securities, explained, "Unlike in Korea, the optical communication internet penetration rate is low in overseas regions," adding, "With the expansion of smart manufacturing and the application of artificial intelligence (AI) in various industries, demand for ultra-high-speed communication and stable network connectivity is rising."

He further stated, "There are ongoing policy efforts to build next-generation internet infrastructure," and added, "The European Union (EU) is implementing the 'Gigabit Infrastructure Act,' which aims to provide 5G and 10G-class internet access across Europe by 2030."

He also emphasized, "The United States is supporting $42.4 billion through the 'BEAD (Broadband Equity, Access, Deployment)' broadband network construction project," and highlighted that "Gaon Group has reportedly secured orders for its next-generation product line featuring Wi-Fi 7 from major operators in Europe and North America."

Researcher Oh noted, "Attention should also be paid to the autonomous service robots under continuous research and development (R&D)," and said, "The company is collaborating with various clients based on its technological competitiveness in modular design and autonomous driving."

It is estimated that Gaon Group will achieve sales of 558.2 billion won and an operating profit of 15.5 billion won this year. These figures represent increases of 13% and 54%, respectively, compared to last year's estimates.