[Click e-Stock] "Intops Expected to Expand Robot EMS Business... Target Price Raised"

On January 20, LS Securities reported that there are rising expectations for Intops to expand its robot EMS (Electronics Manufacturing Service) business. The investment opinion was upgraded to "Buy," and the target price was raised to 30,000 KRW.

Jung Hongsik, a researcher at LS Securities, stated, "The growth momentum for Intops comes from expectations of expanding its customer base in the robot manufacturing sector, leveraging its EMS competitiveness." He added, "Intops has been manufacturing serving robots for Bear Robotics for several years and has previously been responsible for producing wearable robots used in industrial sites." He continued, "With the anticipated expansion of the robotics industry, the company is expected to diversify robot items for its existing clients and expand its new customer base."

The company is also expected to achieve a turnaround in its performance this year. He said, "Intops recorded an operating loss in its IT device business through the accumulated third quarter last year due to yield issues during the automation lineup process at its new plant in Vietnam." He further explained, "As the yield gradually improves, the company is expected to succeed in turning around in 2026, with profits recovering rapidly."

He emphasized, "This year, operating profit is expected to return to the black as yields at the Vietnam plant recover. This is because there are expectations for further diversification of the customer base, leveraging the manufacturing capabilities already secured in the robot EMS sector."