[Alpha Biz= Reporter Kim Minyoung] On the 23rd, Korea Investment & Securities forecasted that Emro will maintain its growth momentum through the launch of a new version of its procurement supply chain management software and a full-scale entry into global markets this year. They did not provide a target stock price or investment rating.
Korea Investment & Securities stated, "This year's performance growth is expected to be driven by a next-generation Supplier Relationship Management (SRM) project with the largest domestic company." They noted that Emro was selected for this project after competing with global top-tier companies and that the contract is expected to be finalized in the first half of this year, with related performance being recognized over the next two years.
They further explained, "The next-generation project will include a full package of Emro's supply chain management software, cloud services, and AI capabilities." Drawing parallels with companies like Onine Solutions, which achieved rapid growth through projects with major domestic companies, they emphasized that this project is likely to serve as a significant reference point for Emro's future overseas market expansion, beyond just being a large-scale one-off contract.
Korea Investment & Securities also highlighted, "Given that this is expected to be the largest contract since the company's founding, its contribution to sales will be substantial." They added that due to the nature of the next-generation project, the proportion of license sales will be secured at an appropriate level, which will significantly contribute to profitability.
AlphaBIZ Kim Minyoung(kimmy@alphabiz.co.kr)
