[Click eStock] "TSI, Expecting Market Share Expansion Within Client Companies"
ResearchAlum analyzed on the 24th that TSI is expected to increase its market share among clients due to the financial deterioration of its competitors.
Researcher Choi Seonghwan from ResearchAlum stated, "TSI, along with Jeil M&S and Yoonsung F&C, is one of the top three domestic secondary battery mixing equipment manufacturers," adding, "Each company is strengthening its position through cooperation with major battery manufacturers."
He continued, "TSI collaborates with LG Energy Solution and Samsung SDI," and added, "Jeil M&S maintains close relationships with LG Energy Solution and Samsung SDI."
Furthermore, he emphasized, "Jeil M&S recorded a large-scale deficit due to costs related to the bankruptcy of its major client Northvolt," and highlighted, "Due to the financial deterioration of competitors, an expansion of TSI's market share among clients is expected." He also mentioned, "Jeil M&S has similar clients to TSI, so TSI is expected to benefit indirectly."
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Researcher Choi predicted, "TSI has already secured orders worth over 500 billion KRW," and stated, "It will maintain a stable performance improvement trend despite the sluggish market conditions."
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