[Market Highlights] Spear Rises on Expectations of Benefits from SpaceX Launches

Spear is showing strong performance on expectations of benefits from SpaceX.

As of 9:22 a.m. on March 16, Spear was trading at 53,000 won, up 600 won (1.15%) from the previous day.

Securities firms' analysis suggests that the acceleration of sales growth to SpaceX starting this year will drive significant improvement in the company’s performance, which appears to be pushing the stock price higher.

On this day, iM Securities commented, "Spear is a global supply chain solution company providing high-performance special alloy materials required in the aerospace industry, and is one of the world's top five tier-1 suppliers of high-end special alloys to SpaceX." They added, "With the increasing number of SpaceX launches and higher Starship production, the demand for advanced alloys continues to grow year after year. As a primary vendor for SpaceX, Spear is positioned to benefit the most from this trend."

Lee Sangheon, a researcher at iM Securities, stated, "After securing a tier-1 vendor code from SpaceX in 2023, Spear signed a long-term supply contract for aerospace-grade special alloys with SpaceX in July last year. Under this long-term contract, Spear is set to supply products worth 77.2 billion won this year. The order amount disclosed from the merger in March last year through the end of last year reached 115.7 billion won. Based on these orders, sales growth is expected to accelerate starting this year, leading to a rapid improvement in performance."

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