[Click eStock] "DK Lock, Highlighted for Hydrogen Cars and Hydrogen Charging Station Items through Green New Deal"

[Asia Economy Reporter Hyunseok Yoo] KB Securities analyzed on the 7th that DK Lock's new growth product lineup for hydrogen vehicles and hydrogen charging stations is attractive due to the Green New Deal. No investment opinion or target price was provided.

DK Lock is a manufacturer of fittings and valves for instrumentation. It produces key components installed in industrial facility piping such as petroleum refining, offshore plants, shipbuilding, CNG/LNG, hydrogen vehicles, and hydrogen charging stations.

Researcher Sangguk Lim of KB Securities said, "The Green New Deal new growth product lineup, including hydrogen electric vehicles, hydrogen charging stations, and bunkering equipment, is attractive," adding, "Currently, we supply eight types of parts to the hydrogen vehicle ‘Nexo’, and recently secured orders for 2,000 to 2,500 units per month, showing rapid growth in hydrogen vehicles."

He stated, "We supply fittings and valves for hydrogen fuel cells to Doosan Fuel Cell and S Fuel Cell, and are particularly progressing with the localization of 700bar-class ultra-high-pressure valves, which are key components for hydrogen charging stations, with development expected to be completed in the second half of the year," emphasizing, "The growth potential of the self-developed non-oxidizing (non-corrosive) back ferrule (fitting component) is significant."

Growth is also expected in the semiconductor industry. He explained, "Supplying fittings and valves for semiconductor production facilities is also a growth momentum, with sales increasing as a vendor for company S and company H," and added, "Sales are expected to increase by more than 60% this year from 4.3 billion KRW last year."

This content was produced with the assistance of AI translation services.