Pino's stock price skyrocketing... What's going on with L&F?

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The stock price of Pino, a key player in the secondary battery materials market, is soaring.

 

According to the Korea Exchange on the 20th, Pino's stock was trading at 6,960 KRW as of 10:32 a.m., marking a 29.85% increase.

 

The stock price has broken out of a long-term consolidation phase and is currently surpassing the 60-day moving average.

 

The surge is attributed to expectations of improved performance following a 54 billion KRW contract with L&F to supply nickel-cobalt-manganese (NCM) precursors. The agreement accounts for 77.24% of Pino’s sales in the previous year. Under the contract, Pino will deliver 380 tons of precursors by March 11.

 

Pino and L&F had signed an MOU for precursor supply in September last year, and this contract highlights their close partnership. In the fourth quarter of last year alone, the two companies signed supply agreements totaling approximately 11 billion KRW. By 2028, they plan to supply a total of 60,000 tons of precursors.

 

This latest agreement positions Pino to expand its secondary battery materials business, ensuring stable sales channels and enhancing its technological capabilities through collaboration with L&F.

 

Amid continued growth in the secondary battery market, companies like Pino are drawing attention for their potential to grow alongside the industry.

 

Pino is listed among secondary battery material and component stocks (as per Naver Finance), alongside Chemtronics, Sinsung EST, EcoPro BM, Innix, Hansol Chemical, Ecopro N Dream, Enchem, Eugene Technology, and more.

 

Pino, originally focused on telecommunications equipment, is transitioning into the secondary battery materials business. Historically, Pino specialized in manufacturing repeaters for wireless communication systems, serving major clients such as mobile carriers, KT Powertel, and broadcasters.

 

In September of last year, the company rebranded from Skymoons Technology to Pino Inc., signaling a fresh corporate identity aligned with its entry into the secondary battery materials industry.