[Stock in Focus] "Structural Growth, Surging Order Backlog" Victek Rises Over 5%

The stock price of victek is on the rise, fueled by expectations for performance growth as the company enters a phase of structural expansion. As of 10:57 a.m. on March 13, victek was trading at 5,030 won, up 250 won (5.23%) from the previous trading day.

SK Securities evaluated victek on this day, stating, "The company has shed its former label as a simple North Korea-related theme stock and has entered a structural growth phase as a core growth stock in Korea's defense exports."

Na Seungdoo, a researcher at SK Securities, said, "Last year's operating profit increased by 141% compared to the previous year, and order backlogs surged threefold, confirming substantial growth." He explained, "This is due to a rise in sales of electronic warfare and power supply components for export, supplied to major domestic weapons systems companies, which are victek's primary clients."

The core competitive edge of victek lies in its precision power control technology. This technology is essential for securing asymmetric power, a key trend in modern warfare, and victek is expected to benefit directly from the global expansion of Korea's defense industry.

Researcher Na emphasized that victek's products are included in all major export items of the Korean defense industry. Its proprietary brand 'ACES' refers to electronic warfare equipment installed on submarines and small naval vessels, while its high-voltage power supply (HVPS) is used in multifunction radars (MFR) for guided weapon systems, which are especially popular in the Middle East. In addition, the company supplies power conversion modules for the next-generation KF-21 fighter jet and thermal imaging units for export tanks, creating a structure where growth in defense exports directly translates to increased sales.

The company is also expanding into new business areas. Researcher Na noted, "victek is preparing to enter the eco-friendly ship ESS BMS (battery management system) market, the standardized battery market for ground-based defense, and integrated anti-drone solutions." He pointed out, "In particular, the anti-drone market is expected to achieve a compound annual growth rate (CAGR) of over 25% for the next 10 years." He added, "As Korea emerges as a key supply chain in the global security ecosystem, victek's target markets and business domains will continue to expand."

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