[Featured Stock] Yuil Robotics Rises 7% on Securities Firms' Outlook for Large Orders and Earnings Improvement Next Year
![[Featured Stock] Yuil Robotics Rises 7% on Securities Firms' Outlook for Large Orders and Earnings Improvement Next Year](http://www.asiae.co.kr/news/img_view.htm?img=2022030216482763938_1646207308.jpg)
[Asia Economy Reporter Myunghwan Lee] Yuil Robotics is showing strong performance in the market on the morning of the 6th. This appears to be due to securities firms' forecasts that the company's earnings will sharply increase from next year based on large-scale orders.
As of 10:37 AM today, Yuil Robotics is trading at 26,750 KRW, up 7.43% (1,850 KRW) from the previous trading day.
KB Securities stated about Yuil Robotics, "They have established a full lineup from industrial robots necessary for industrial automation to automation systems, enabling turnkey (design and construction) orders," and predicted that profits will significantly increase in 2023?2024. KB Securities forecasts Yuil Robotics' consolidated sales for 2023 to increase by 37.5% year-on-year to 55 billion KRW, and operating profit to surge by 4,942.7% to 5.5 billion KRW.
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KB Securities analyst Hyungeon Han said about Yuil Robotics' performance next year, "Sales recognition of previously secured smart factory orders and large-scale orders worth several hundred billion KRW are expected, leading to rapid sales growth and profitability recovery."
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