[Edaily Reporter Shin Ha-yeon] #ICTK is up over 9% in early trading.
According to MP Doctor on the 12th, as of 9:24 a.m. today, ICTK is trading at 24,650 won, up 9.07% from the previous trading day.
This is interpreted as a result of investor sentiment being stimulated by forecasts from the securities industry that the company’s position in the domestic security chip market will be further strengthened following its selection as the lead agency for a government-funded project to develop integrated quantum security chips.
Kim Hong-sik, an analyst at Hana Securities, stated in a report released today, “Being selected as the lead agency for the government-funded quantum integrated security chip development project, led by the Ministry of Trade, Industry and Energy, has strengthened the company’s position as the dominant player in the domestic security chip market. Furthermore, using project partner KT as a reference is expected to serve as an advantage for future expansion into the global telecommunications market.”
ICTK was recently selected as the lead agency for a 7 billion won quantum-integrated security chip development project overseen by the Ministry of Trade, Industry and Energy. The project aims to develop security chips that support both Korean PQC standards and international PQC standards and is scheduled to run until December 2029.
Researcher Kim analyzed that, considering its technological competitiveness and business model, the company’s current market value is undervalued. He said, “Even on a global scale, considering that it is one of the few companies to have commercially developed PUF chips—the next-generation security standard—ICTK has ample potential to establish itself as a leading global security chip provider in the future.”
He also noted, “Companies like ICTK, which possess proprietary technology, will continue to see improvements in revenue and profit margins by collecting IP royalty income, whereas companies that merely generate revenue from licensing will face margin pressure.” He added, “Given that technological competitiveness has been proven and the domestic and international quantum industries are also gaining momentum, it seems clear that the company will generate significant revenue in the future, considering its business model, partners, and competitiveness.”