[Market Focus] Gaon Group Surges Over 10% on Hopes for Increased Overseas Orders

Shares of Gaon Group are showing strong performance on January 8, as expectations grow for increased overseas orders, particularly in the network business segment.

As of 9:11 a.m. on this day, Gaon Group was trading at 5,650 won, up 530 won (10.35%) from the previous trading day.

Oh Hyunjin, a researcher at Kiwoom Securities, evaluated Gaon Group by stating, "The price-to-earnings ratio (PER) for this year stands at 8.7 times. Considering the high global market demand for next-generation network product lines and the export synergy effects in the online video service (OTT) segment, the current share price is in a significantly undervalued phase."

The key investment point highlighted was the benefit from global investment in internet infrastructure. Oh emphasized, "We are focusing on growth through the network business segment. The company supplies core communication equipment necessary for providing internet services to homes and businesses, with PON and DOCSIS-used in optical cable networks-being the main products. Recently, overseas orders, especially from Europe and North America, have been increasing rapidly."

Performance in the robotics business segment is also anticipated. Oh added, "Attention should also be paid to the robotics business (autonomous service robots), which is undergoing continuous research and development (R&D). The company is reportedly collaborating with various clients, leveraging its technological competitiveness in modular design and autonomous driving."