[Infostock Daily= Reporter An Hoe Hyun] Hana Financial Investment raised its target stock price from 170,000 won to 210,000 won on the 23rd, saying Leeno Industrial's sales in the first quarter of this year will exceed 60 billion won for the first time in history. The investment opinion remained 'Buy'.
"According to industry indicators, the number of 5G(5th generation mobile communication) subscribers is steadily increasing in the front industry, which has a positive impact on sales, and shipments of 5G smartphones will also increase," the company predicted.
In fact, the cumulative number of 5G package subscribers of China Mobile, a Chinese mobile carrier, reached 147 million in November last year, 165 million in December and 169 million in January this year, ahead of 200 million.
Also, 5G smartphone shipments are expected to increase by 450 million~550 million units this year from 225 million units last year, according to forecasts by telecommunications equipment maker Qualcomm.
"It presents Leeno Industrial's annual earnings estimate of 250.9 billion won in sales, 96.5 billion won in operating profit and 75.6 billion won in net profit, respectively," the company said.
Reporter An Hoe Hyun email@example.com