Suprema hit the upper limit (the top end of the daily price limit) after expectations in the securities industry said it will become a key partner for Hyundai Motor's robotics business.
As of 9:40 a.m., Suprema shares on the KOSDAQ were up 29.90% (10,600 won) from the previous day at 46,050 won. They went straight to the upper limit right after the open.
This is analyzed as investor sentiment flooding in after expectations in the securities industry said Suprema will become a key security partner in Hyundai Motor's robot ecosystem.
According to KB Securities, after Suprema signed a strategic memorandum of understanding (MOU) with Hyundai Motor and Kia Robotics Lab in March last year, it has led a project to build robot-friendly buildings using "Atlas" and "MobED."
Kim Hyun-gyeom, an analyst at KB Securities, said, "By preempting the standard for an 'unmanned security platform' that simultaneously identifies and controls people and robots, it will secure a unique position in the next-generation infrastructure market where artificial intelligence (AI) and Robotics converge," adding, "It is expected to act as a powerful rerating factor for corporate value."