[Click eStock] “HDC iControls, Transforming into a Spatial AIoT Platform Company”

Launch of HDC Labs through absorption merger with HDC i-Service on the 1st
Hi Investment & Securities maintains HDC i-Service target price at 16,400 KRW

[Asia Economy Reporter Gong Byung-sun] HDC I Controls is attempting to enter the Internet of Things (AIoT) platform business along with the absorption merger of HDC I Service. If future growth potential becomes visible, it is expected to serve as a growth driver for stock price increases.

According to Hi Investment & Securities on the 6th, HDC I Controls absorbed HDC I Service on the 1st and launched the integrated corporation HDC Labs. HDC I Service has been conducting building management (FM) business as well as landscaping and interior services. In the case of FM, it provided comprehensive solutions including enhanced operational capabilities using IT technology and asset management (PM) business, moving beyond simple real estate management.

HDC Labs plans to foster new businesses such as building operation platforms and business-to-consumer (B2C) services by combining HDC I Controls’ AIoT technological capabilities with HDC I Service’s real estate operation management know-how. Lee Sang-heon, a researcher at Hi Investment & Securities, explained, “Under an environment leading digital transformation within the group, it is expected to secure customer touchpoints in residential, office, and commercial facilities,” adding, “It will transform into a spatial AIoT platform company providing customized services using digital technologies.”

First, in line with the advancement of the real estate industry, it plans to enhance customer-tailored intelligent solutions in terms of real estate facility management. Additionally, in terms of interior design, it aims to differentiate space management by realizing smart interior and office spaces that combine interior design and technology.

The researcher forecasted, “With this merger, HDC Labs has laid the foundation to become an AIoT platform. From next year, phased new business models are expected to be presented, and the visible growth potential will act as a growth driver for stock price increases.”

Accordingly, Hi Investment & Securities maintained a ‘Buy’ investment opinion on HDC I Controls with a target stock price of 16,400 KRW. The closing price on the 3rd was 12,000 KRW.

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