Tag: Investor Relations

  • Gemvax (082270) IR: In-Depth Analysis and Future Outlook for Investors

    Gemvax (082270) IR: In-Depth Analysis and Future Outlook for Investors 대표 차트 이미지

    1. What will be discussed at Gemvax’s IR?

    The main topics of this IR will be the progress of GV1001 development, explanation of the rights offering, and a Q&A session with investors. The focus will be on whether solutions will be presented for Gemvax’s biggest current issues: capital impairment and continuous operating losses.

    2. Why is Gemvax holding an IR?

    Gemvax is currently facing difficult circumstances. Its bio business (GV1001) carries high development risks, its environmental business is facing intensifying competition, and its financial status is marked by severe capital impairment. This IR is interpreted as an attempt to alleviate investor concerns, enhance understanding of the company, and improve investment sentiment.

    3. What will Gemvax’s future look like after the IR?

    • Positive GV1001 Development: Positive news regarding FDA orphan drug designation and clinical trials could create upward momentum for the stock price.
    • Successful Rights Offering: A clear explanation of the use of funds and measures to minimize dilution of existing shareholder value could have a positive impact.
    • Failure to Improve Financial Structure: Failure to present convincing solutions will likely lead to a decline in stock price.

    However, a worsening macroeconomic situation (fluctuations in exchange rates, interest rates, and oil prices) could negatively affect Gemvax.

    4. What should investors do?

    Investors should carefully analyze the information presented at the IR, paying close attention to the following:

    • Any positive updates regarding GV1001 development
    • The concreteness and validity of the rights offering fund utilization plan
    • Presentation of a roadmap for resolving capital impairment and improving financial structure

    It’s crucial to make cautious investment decisions by referring to market reactions and expert analysis after the IR.

    What are Gemvax’s main businesses?

    Gemvax’s main businesses are environmental pollution control and bio business (GV1001 drug development). They have also recently entered the waste plastic pyrolysis oil refining business.

    What is Gemvax’s financial status?

    There are significant concerns about Gemvax’s financial health due to high debt-to-equity ratio, continuous operating losses, and severe capital impairment.

    What is GV1001?

    GV1001 is a drug candidate being developed for the treatment of Alzheimer’s disease, Progressive Supranuclear Palsy (PSP), and other conditions.

    Gemvax (082270) IR: In-Depth Analysis and Future Outlook for Investors 관련 이미지
    Gemvax (082270) IR: In-Depth Analysis and Future Outlook for Investors 관련 이미지
  • Samsung E&A Investor Relations (IR) Analysis: September 2025

    Samsung E&A Investor Relations (IR) Analysis: September 2025 대표 차트 이미지

    1. Samsung E&A IR: Key Highlights

    Samsung E&A’s IR, held on September 3, 2025, focused on the company’s operational performance and strategic direction. The presentation included a Q&A session for investors.

    2. Fundamental Analysis: A Solid Foundation?

    Samsung E&A maintains a stable business foundation through its robust EPC capabilities. Key international projects like the Dos Bocas New Refinery Project in Mexico and the AGIC PDH&UTOS Project in Saudi Arabia are progressing as planned. However, the company’s high debt-to-equity ratio (197.95%) and low current ratio (38.12%) require ongoing attention.

    • Strengths: Securing and executing large-scale international projects, stable revenue base
    • Weaknesses: High debt-to-equity ratio and low liquidity
    • Opportunities: Securing new growth engines, such as green solutions
    • Threats: Exchange rate fluctuations, interest rate changes, and macroeconomic headwinds

    3. Market Expectations and IR Impact

    The IR aims to enhance corporate value and build investor confidence. Depending on the content of the presentation, short-term stock price volatility may increase. In the long term, the IR is expected to positively impact the company’s image and investor sentiment. Investors should closely monitor macroeconomic factors and the feasibility of the presented plans.

    4. Investor Action Plan

    • Carefully review the IR presentation: Focus on new project acquisitions and specific plans for future growth.
    • Monitor macroeconomic changes: Analyze the impact of external factors like exchange rates, interest rates, and oil prices.
    • Maintain a long-term perspective: Focus on the company’s long-term growth potential rather than short-term stock price fluctuations.

    ※ Investment decisions are the sole responsibility of the investor.

    Frequently Asked Questions

    What is Samsung E&A’s main business?

    Samsung E&A is a global EPC (Engineering, Procurement, and Construction) company undertaking projects in various industrial sectors, including petrochemicals, refineries, and power plants.

    What were the key takeaways from this IR?

    The presentation covered key management updates and a Q&A session, offering insights into the company’s current performance and future strategies.

    What should investors consider when investing in Samsung E&A?

    Investors should consider the company’s high debt-to-equity ratio and the potential impact of macroeconomic variables such as fluctuations in exchange rates, interest rates, and oil prices.

    Samsung E&A Investor Relations (IR) Analysis: September 2025 관련 이미지
    Samsung E&A Investor Relations (IR) Analysis: September 2025 관련 이미지
  • Lotte Chilsung Beverage IR: A Potential Investment Opportunity?



    Lotte Chilsung Beverage IR: A Potential Investment Opportunity? 대표 차트 이미지






    1. Lotte Chilsung Beverage IR: What’s it about?

    Lotte Chilsung Beverage will announce its current business status and future strategies at the KB Securities ‘2025 KB Korea Conference’ on September 3, 2025. Key topics are expected to include strengthening the zero-calorie and zero-sugar product lineup in line with the healthy pleasure trend, overseas expansion strategies, and ESG management activities.

    2. Why is Lotte Chilsung Beverage holding this IR?

    This IR is a crucial opportunity to emphasize growth momentum and address investor concerns following the first-half earnings announcement. With sluggish profit improvement due to rising raw material prices and intensifying competition, it’s vital for the company to clearly present its future growth strategies and profitability improvement plans to improve investor sentiment. Participating in the KB Securities conference also provides exposure to a wider investor base.

    3. Post-IR Stock Outlook: What can we expect?

    The IR has the potential to improve investor sentiment and positively impact the stock price. However, if the delivered message falls short of market expectations, there is a risk of a price decline. The medium to long-term stock performance will ultimately depend on the execution of the presented business strategies and the company’s ability to adapt to changes in the macroeconomic environment.

    4. Investor Action Plan: What should you do?

    • Review the IR results: Carefully analyze the information presented and the market’s reaction.
    • Analyze earnings forecasts: Examine the guidance for the second half and full year to assess growth and profitability improvement.
    • Monitor macroeconomic factors: Keep track of trends in exchange rates and raw material prices.


    FAQ

    When is the Lotte Chilsung Beverage IR?

    It’s scheduled for 2 PM on September 3, 2025, at the KB Securities ‘2025 KB Korea Conference’.

    What are the key topics of the IR?

    The agenda includes the announcement of business performance, sharing of future business strategies, and a Q&A session with investors.

    What is the expected impact of the IR on Lotte Chilsung’s stock price?

    Positive messages could lead to a price increase, while failing to meet market expectations might cause a decline. The long-term performance will depend on the execution of strategies and the macroeconomic environment.









    Lotte Chilsung Beverage IR: A Potential Investment Opportunity? 관련 이미지
    Lotte Chilsung Beverage IR: A Potential Investment Opportunity? 관련 이미지




  • Daechang Solution IR Analysis: Hidden Risks Amid Shipbuilding Boom, Investor Alert!



    Daechang Solution IR Analysis: Hidden Risks Amid Shipbuilding Boom, Investor Alert! 대표 차트 이미지






    Daechang Solution IR: What’s it about?

    Daechang Solution is holding an IR session for investors on September 3rd. The main purpose is to address investor questions about the growth momentum in the shipbuilding equipment business and the company’s financial difficulties.

    Why is Daechang Solution holding an IR?

    The shipbuilding industry is booming due to stricter IMO environmental regulations and increased orders for LNG-powered vessels. Although Daechang Solution is also showing solid growth in the shipbuilding equipment sector, its profitability is deteriorating due to sluggish performance in the power generation equipment and nuclear waste sectors, along with high financing costs. It is crucial for the company to transparently disclose its current status and future strategies through this IR and restore investor confidence.

    Key IR Content and Investment Points

    • Positive factors: Continued growth momentum expected due to the shipbuilding boom.
    • Negative factors: Deteriorating financial structure, increasing financing costs, and sluggish performance in some business segments.
    • Investor action plan: Carefully review the financial structure improvement plan, business diversification strategy, and stock price volatility management measures that will be presented at the IR. In particular, whether a concrete roadmap for reducing financing costs and debt ratio is presented will be an important criterion for investment decisions.

    Financial Indicators Analysis

    Indicator2022.122023.122024.12 (E)2025.12 (E)
    Revenue (KRW Billion)1,284928928982
    Operating Profit (KRW Billion)115-66-13130
    Net Income (KRW Billion)21-75-125-18
    Debt Ratio (%)129.55154.89197.95
    E: Estimated


    Frequently Asked Questions

    What are Daechang Solution’s main businesses?

    Daechang Solution operates in shipbuilding equipment, power generation equipment, and nuclear waste treatment businesses. Growth in the shipbuilding equipment sector is expected due to the recent shipbuilding boom.

    What should investors be aware of when investing in Daechang Solution?

    Investors should pay close attention to the high debt ratio and the increasing trend of financing costs. It is important to carefully consider the feasibility of the financial structure improvement plan presented at the IR.

    What is the future outlook for Daechang Solution?

    The shipbuilding boom is a positive factor, but whether or not the financial structure improves is expected to significantly impact future earnings and stock prices. It is important to check the management’s vision and strategy presented at the IR.









    Daechang Solution IR Analysis: Hidden Risks Amid Shipbuilding Boom, Investor Alert! 관련 이미지
    Daechang Solution IR Analysis: Hidden Risks Amid Shipbuilding Boom, Investor Alert! 관련 이미지




  • Amorepacific IR on September 9th: Is it a good investment opportunity? (2025 Half-Year Performance Analysis)



    Amorepacific IR on September 9th: Is it a good investment opportunity? (2025 Half-Year Performance Analysis) 대표 차트 이미지






    1. Amorepacific IR: What’s it about?

    Amorepacific will hold a business briefing at the 32nd CITIC CLSA Investors’ Forum on September 9, 2025. This IR will disclose information on H1 2025 performance analysis, future management strategies, and future growth engines. Investors are expected to pay particular attention to the details of overseas market growth and the Cosrx acquisition effect.

    2. How did Amorepacific perform in the first half of 2025?

    Amorepacific recorded a consolidated operating profit of KRW 191.4 billion in the first half of 2025, showing remarkable growth of 149.1% year-on-year. The solid growth of overseas businesses, centered on the Americas and EMEA, and the Cosrx acquisition effect acted as key growth drivers. Domestic business also maintained stable sales through strengthened channel competitiveness.

    3. Carefully consider the positive factors and risks

    • Positive factors: Overseas business expansion, Cosrx acquisition synergy, improved profitability, solid financial structure
    • Risk factors: Slowdown in the Chinese market, volatility of raw material prices, increase in logistics costs, low ROE

    4. Post-IR, how should I plan my investment strategy?

    This IR is an important opportunity to confirm Amorepacific’s growth potential and review investment strategies. It is crucial to analyze the IR announcements and market reactions carefully before making investment decisions. Pay close attention to any mention of China market risks and ROE improvement plans.



    FAQ

    When will the Amorepacific IR be held?

    It will be held at 9:00 AM on September 9, 2025.

    What are the key topics of this IR?

    The main topics are the announcement of the first half of 2025 results, future management strategies, and future growth engines.

    What should investors be aware of?

    Investors should pay close attention to risk factors such as a slowdown in the Chinese market and raw material price volatility, as well as details on plans to improve ROE.









    Amorepacific IR on September 9th: Is it a good investment opportunity? (2025 Half-Year Performance Analysis) 관련 이미지
    Amorepacific IR on September 9th: Is it a good investment opportunity? (2025 Half-Year Performance Analysis) 관련 이미지




  • Yuil Robotics IR Analysis: Investment Opportunity or Red Flag? Key Takeaways and Investment Strategies



    Yuil Robotics IR Analysis: Investment Opportunity or Red Flag? Key Takeaways and Investment Strategies 대표 차트 이미지






    Yuil Robotics IR: What Happened?

    Yuil Robotics held an IR meeting at 3 PM on September 3, 2025, to announce the company’s key business status and management strategies. This IR focused on addressing investor concerns about recent poor performance and emphasizing new growth engines, such as entering the secondary battery market.

    Why Did Yuil Robotics Hold the IR?

    Yuil Robotics recorded poor performance in the first half of 2025, with a significant increase in operating and net losses. The increase in financial expenses, including losses from derivative valuations related to convertible bonds, and the rise in debt-to-equity ratio were cited as the main causes. As investor concerns grew, the company held an IR to explain the management status and restore investor confidence. In particular, as they are accelerating entry into the secondary battery market through a strategic partnership with SK Battery America, Inc., they aimed to present their growth strategy related to this venture.

    Post-IR: What’s the Market Outlook?

    The IR is expected to increase information transparency and potentially improve investor sentiment. However, if the presented content falls short of expectations, disappointment may amplify. In particular, existing risks such as financial risks and frequent management changes could resurface. Therefore, it is crucial to carefully examine the feasibility of the profitability improvement measures and new business plans presented at the IR.

    What Should Investors Do?

    • Thoroughly Analyze IR Content: Verify practical profitability improvement plans and new business strategies.
    • Check Financial Risk Management Capabilities: Review debt management and cash flow improvement plans.
    • Short-Term Investors: Consider the possibility of increased volatility and approach with caution.
    • Long-Term Investors: Check whether management improvement plans are reflected in actual performance.
    • Synergy Effects with SK Battery America, Inc.: Pay attention to cooperation outcomes and progress.

    Yuil Robotics’ IR could be a significant turning point, but investment decisions should be made cautiously. Carefully analyze the IR content, verify the company’s execution capabilities, and make wise investment judgments.



    Frequently Asked Questions

    What is Yuil Robotics’ main business?

    Yuil Robotics manufactures industrial robots and automation systems. They are currently pursuing diversification into growth industries such as secondary batteries and medical devices.

    What were the key takeaways from this IR?

    They explained their recent poor performance and presented their future growth strategies, including their entry into the secondary battery market.

    What should I be aware of when investing in Yuil Robotics?

    Carefully examine their financial risk management capabilities, the feasibility of their profitability improvement plans, and the progress of their new business ventures.

    What is the future outlook for Yuil Robotics?

    Depending on the execution of the plans presented at the IR, both positive and negative impacts are expected. Careful investment decisions are necessary. The synergy creation with SK Battery America, Inc. is also a key point to watch.









    Yuil Robotics IR Analysis: Investment Opportunity or Red Flag? Key Takeaways and Investment Strategies 관련 이미지
    Yuil Robotics IR Analysis: Investment Opportunity or Red Flag? Key Takeaways and Investment Strategies 관련 이미지




  • Amorepacific’s 2025 APAC IR Event: Analysis of Global Growth Momentum and Investment Strategy



    Amorepacific's 2025 APAC IR Event: Analysis of Global Growth Momentum and Investment Strategy 대표 차트 이미지






    Amorepacific IR Event: Key Analysis

    On September 8, 2025, Amorepacific will hold an IR session for investors at the APAC Equity & Credit Conference. The company will share its business strategies along with its first-half earnings results. We will take a close look at Amorepacific’s growth potential and investment strategies in the global beauty market.

    Amorepacific’s Growth Drivers and Investment Opportunities

    • Overseas Business Expansion: Demonstrating global competitiveness with a high growth rate of 26.6% in the Americas, EMEA, and Asia. The acquisition of Cosrx is expected to significantly contribute to portfolio diversification and synergy creation.
    • Solid Domestic Business: Maintains steady growth of 5.1% through strengthening core brand competitiveness and new growth channel strategies.
    • R&D Investment: An R&D investment of 3.33% of sales demonstrates efforts for continuous innovation and securing future growth engines.
    • Robust Financial Structure: High retained earnings and a stable debt ratio ensure investment stability.

    Risk Factors to Consider When Investing

    • Delayed Recovery of the Chinese Market: The slow recovery of the Chinese market requires continuous monitoring and response strategies.
    • Changes in the External Environment: Volatility in raw material prices and exchange rates can affect profitability.
    • Intensifying Competition: Preparedness for intensifying competition in domestic and overseas markets is necessary.

    Action Plan for Investors

    The IR session will provide detailed information on overseas market growth strategies, plans to maximize Cosrx synergies, risk management strategies for the Chinese market, R&D investment results, and ESG management enhancement plans. Investors can gain insights needed for investment decisions based on this information. We recommend thoroughly reviewing the IR materials and paying close attention to the management’s presentations.



    Frequently Asked Questions

    What are Amorepacific’s main growth strategies?

    Amorepacific is accelerating growth through overseas market expansion, particularly in the Americas and Asian markets. The company is also pursuing a strategy to diversify its brand portfolio and create synergy effects through the acquisition of Cosrx.

    What is Amorepacific’s strategy in the Chinese market?

    Amorepacific aims to expand its market share in the changing Chinese market by strengthening brand competitiveness and enhancing digital marketing. The company seeks to maintain growth momentum through careful analysis of the evolving market situation and flexible response strategies.

    What is the status of Amorepacific’s ESG management?

    Amorepacific carries out various activities for sustainable management and is enhancing corporate value through environmental protection, fulfilling social responsibilities, and establishing transparent corporate governance. Strengthening ESG management is a key strategy for long-term growth.









    Amorepacific's 2025 APAC IR Event: Analysis of Global Growth Momentum and Investment Strategy 관련 이미지
    Amorepacific's 2025 APAC IR Event: Analysis of Global Growth Momentum and Investment Strategy 관련 이미지




  • CJ ENM Investor Relations (IR) Analysis: Investment Strategies and Future Stock Outlook

    CJ ENM Investor Relations (IR) Analysis: Investment Strategies and Future Stock Outlook 대표 차트 이미지

    1. CJ ENM IR Event Analysis: What Was Discussed?

    On September 2nd, CJ ENM held an Investor Relations (IR) meeting to discuss its current business performance and answer questions. Key announcements included future growth strategies like TVING’s global expansion and AI technology integration, along with efforts to improve fundamentals. Crucially, they detailed a turnaround strategy for the underperforming media and film/drama divisions.

    2. CJ ENM Current Situation Analysis: Why the IR?

    CJ ENM has diversified its business across media platforms, film/drama production, music, and commerce, seeing strong growth in its music division. However, challenges remain, including declining operating profits in the media platform and film/drama segments, and increasing competition in the OTT market. Addressing the impact of the current macroeconomic environment (interest rates, exchange rates, oil prices, etc.) is also critical.

    3. Key IR Takeaways and Their Impact: What’s Next?

    • Positive Impacts:
      • Presentation of future growth strategies, including TVING’s global expansion and AI technology integration.
      • Proposed strategies for navigating macroeconomic uncertainties.
      • Sharing of global business performance and future plans.
    • Potential Negative Impacts:
      • Concerns regarding the profitability of core business segments.
      • High debt ratio and financial burden.
      • Potential downward revision of earnings forecasts due to worsening macroeconomic conditions.

    4. Action Plan for Investors: What Should You Do?

    CJ ENM outlined plans for profitability improvement, global expansion, and navigating the macroeconomic environment. Investors should carefully analyze the IR presentation to assess the company’s future growth and profitability potential before making investment decisions. Focus on their specific plans for improving profitability, the performance of their global expansion strategy, and their strategies for dealing with changes in the macroeconomic environment.

    Frequently Asked Questions

    What are CJ ENM’s main businesses?

    CJ ENM operates across four business segments: media platforms, film/drama production, music, and commerce.

    What were the key takeaways from the IR presentation?

    The key takeaways included an overview of CJ ENM’s current performance, future growth strategies (TVING global expansion, AI technology integration), efforts to improve fundamentals, and strategies for navigating the changing macroeconomic environment.

    What should investors consider when evaluating CJ ENM?

    Investors should consider the company’s ability to improve profitability in its core business segments, its high debt ratio, and the potential impact of macroeconomic changes on its performance.

    CJ ENM Investor Relations (IR) Analysis: Investment Strategies and Future Stock Outlook 관련 이미지
  • L&K Bio IR Analysis: Growth Momentum vs. Financial Risks, Investment Opportunity?

    L&K Bio IR Analysis: Growth Momentum vs. Financial Risks, Investment Opportunity? 대표 차트 이미지

    1. L&K Bio’s IR: What was discussed?

    L&K Bio’s IR meeting on September 5, 2025, covered key business updates including the US market entry plan for its Pectus chest implant, strong overseas revenue growth, and R&D investment status. The company also addressed investor concerns regarding continued net losses, convertible bonds, and raw material price volatility.

    2. Positive vs. Negative Factors: Where lies the investment opportunity?

    2.1. Positive Factors: Growth Momentum

    • Robust revenue growth: 97% of revenue from overseas markets demonstrates global competitiveness, particularly in the Americas, creating synergy expectations for Pectus’ US market entry.
    • New business momentum: FDA approval for Pectus sets the stage for full-scale US market entry, a key driver of future revenue growth.
    • Strong R&D capabilities: Continuous R&D investment reinforces technological competitiveness and fuels new pipeline development.

    2.2. Negative Factors: Challenges to overcome

    • Continued net loss: Increased R&D expenses contribute to the need for improved profitability.
    • High volume of convertible bonds: Potential stock dilution and interest expense burden.
    • Raw material price volatility: Requires effective cost management and supply stabilization strategies.

    3. Post-IR: What should investors do?

    The IR meeting highlighted both L&K Bio’s growth potential and risks. Investors should carefully review the presented plans for profitability improvement, convertible bond management, and new business performance. It’s crucial to monitor subsequent earnings announcements to confirm tangible improvements and assess the company’s strategies for navigating macroeconomic changes.

    Frequently Asked Questions

    What is L&K Bio’s main business?

    L&K Bio develops, manufactures, and sells medical devices, including spinal and chest implants.

    When will Pectus, the chest implant, launch in the US market?

    Pectus is expected to launch in the US market in the second half of 2025.

    What is L&K Bio’s financial status?

    While the company is experiencing robust revenue growth, it continues to report net losses, requiring improvements in profitability. The large volume of convertible bonds also raises concerns about potential stock dilution.

    L&K Bio IR Analysis: Growth Momentum vs. Financial Risks, Investment Opportunity? 관련 이미지
    L&K Bio IR Analysis: Growth Momentum vs. Financial Risks, Investment Opportunity? 관련 이미지
  • Samsung C&T Investor Relations: Unpacking Opportunities and Risks

    Samsung C&T Investor Relations: Unpacking Opportunities and Risks 대표 차트 이미지

    IR Key Takeaways: What’s Happening?

    Samsung C&T will hold an IR session at a domestic conference hosted by securities firms on September 2nd. The session will focus on key management updates and a Q&A. Investors anticipate clarification on recent business report amendments, updates on major overseas projects (Taiwan Airport construction, UAE Nuclear Power Plant, UAE Transmission Line Project), and future outlooks. The company’s vision for new growth engines, including the bio division, will also be a focal point.

    Samsung C&T Fundamentals: Why Does it Matter?

    Recent amendments to the business report revealed potential changes to contract completion dates and amounts for certain overseas projects, causing investor concern. This introduces uncertainty regarding revenue recognition timing and scale. However, most projects are progressing steadily, and the increased transparency could strengthen long-term investor trust. The construction division’s solid order backlog and positive outlook for overseas markets are also positive factors. Nevertheless, rising debt ratios, potential profit fluctuations in certain projects, and macroeconomic variables like exchange rates and interest rates pose potential risks.

    Investment Strategies: What Should You Do?

    This IR is a crucial opportunity to address your questions about investing in Samsung C&T and to refine your investment strategy. Consider the following for a prudent investment decision:

    • Analyze IR announcements: Pay close attention to management’s future growth strategies, new business plans, updates on key projects, and plans for performance improvement.
    • Evaluate risk management: Assess the company’s strategies for handling external factors such as exchange rate fluctuations, interest rate changes, and geopolitical risks.
    • Review financial soundness: Examine the company’s plans for managing rising debt ratios and declining liquidity ratios.
    • Compare with market expectations: Investment sentiment can be significantly impacted by whether the IR announcements meet or exceed market expectations.
    Q: Why is the Samsung C&T IR important?

    A: This IR is a crucial opportunity to address investor uncertainties following the recent business report amendments and gain insights into the company’s future direction and growth strategies. The Q&A session on major overseas projects and financial health will provide valuable information for investment decisions.

    Q: What are the key considerations for investing in Samsung C&T?

    A: Investors should consider potential risks related to overseas project volatility, rising debt ratios, and fluctuations in exchange rates and interest rates. It is also essential to critically evaluate the feasibility of announced plans and compare them to market expectations for informed decision-making.

    Samsung C&T Investor Relations: Unpacking Opportunities and Risks 관련 이미지
    Samsung C&T Investor Relations: Unpacking Opportunities and Risks 관련 이미지