"SL Expands Role in Robot Value Chain... Target Price Raised" [Click e-Stock]

Hanwha Investment & Securities Raises Target Price from 80,000 Won to 89,000 Won

On May 19, Hanwha Investment & Securities maintained its "Buy" investment rating on SL Corporation and raised its target price from 80,000 won to 89,000 won.

Kim Seongrae, a researcher at Hanwha Investment & Securities, stated, "SL’s role in the robot value chain is gradually expanding as major clients move forward with robot commercialization." For example, in March, SL formalized its status as a core manufacturer in the domestic robotics industry by joining the Movable Alliance at Hyundai Motor Robotics Lab.

In the second half of this year, SL is expected to further expand its "manufacturing role" in the robot value chain by ramping up supply of lidar and power modules and assemblies for active actuators. Kim explained, "In particular, these products are expected to broaden SL’s role in the domestic robot business value chain as they become linked to the AI and robotics manufacturing ecosystem being constructed in Saemangeum in 2029. The company’s involvement will likely grow in tandem with the Saemangeum cluster."

In addition, the lamp business and other segments are performing well. Kim noted, "As SL begins supplying key products for major new volume models scheduled to be released by clients this year, we anticipate a gradual expansion of benefits, offsetting uncertainties in the business environment. In North America, following the Palisade, full-model change production increases for the Telluride and expanded local volumes for major clients’ vehicles such as the Sportage Hybrid (HEV) are expected to drive sales growth centered on lamps and electrification."

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