[Click eStock] "MRO partners with Samsung SDS and o9 to penetrate 25 trillion market... Target price 153,000 KRW"

On the 18th, Eugene Investment & Securities forecasted that Emro could achieve full-scale overseas expansion and rapid performance improvement through Samsung SDS's acquisition of shares. The target stock price was raised from the previous 66,000 KRW to 153,000 KRW. The investment opinion was maintained as 'Buy.'

Researcher Kim Sehee of Eugene Investment & Securities stated, "The integrated supply chain management (SCM) SaaS platform being developed with Samsung SDS and Onnine Solutions is scheduled to be launched by the end of this year, and performance is expected to improve rapidly."

She added, "Onnine Solutions, Emro, and Samsung SDS each possess global top-tier competitiveness in their respective markets," explaining, "There has been no SaaS platform covering all three areas in the SCM industry, making this a unique position."

Researcher Kim said, "Based on overseas clients of Onnine Solutions and Samsung SDS in the SCM market worth 25 trillion KRW, about 50 times the size of the domestic market, a rapid penetration rate is expected," adding, "Sales will increase significantly starting next year."

She emphasized, "The overseas market where the solution can be sold has opened," and "At the same time, Onnine Solutions' SCP solution can also be sold domestically."

Eugene Investment & Securities estimated Emro's sales to reach 70 billion KRW this year, 168.4 billion KRW in 2024, and 324.2 billion KRW in 2025. Operating profit is expected to record 9.1 billion KRW, 43.8 billion KRW, and 103.5 billion KRW, respectively.

Researcher Kim judged, "If market interest in AI software continues, Emro's corporate value could be further upgraded due to additional momentum toward Onnine Solutions and Samsung SDS."

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