[Click eStock] "Ubivelox, Record High Performance... Best Time to Buy"

On the 2nd, SK Securities analyzed that Ubivelox is expected to continuously break its record-high performance, stating that now is the right time to buy. The target stock price was set at 23,000 KRW.

Ubivelox is the No. 1 smart card operator in Korea and also operates a black box/map platform business through its consolidated subsidiary, Thinkware. As of last year, the sales composition ratio by segment (operating profit ratio) was 20% (43%) for smart cards, 46% (17%) for black boxes, 24% (39%) for home appliances, and 10% (1%) for others.

Heo Seonjae, a researcher at SK Securities, stated in the report on the same day, “The reason to focus on Ubivelox now is that both its core smart card business and its consolidated subsidiary Thinkware are entering a phase of substantial performance growth, and despite the expectation of record-high performance, the current stock price is absolutely undervalued.”

Researcher Heo projected, “The expected operating profits for this year and next year are 34.6 billion KRW and 48.1 billion KRW, respectively, estimated to increase by 134% and 39% compared to the previous year.” He added, “From the second quarter of this year, the company’s fundamental strength will significantly improve, generating at least 10 billion KRW in operating profit each quarter.”

He explained, “Operating profit is expected to grow by 140% year-on-year to 10.1 billion KRW starting from the second quarter. The annual and quarterly performance estimates conservatively reflect the expected results from the newly pursued smart card new market entry and the home appliance new business.”

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