[Infostock Daily= Reporter An Hoe Hyun] Kiwoom Securities maintained its investment opinion 'Buy' and target stock price of 24,000 won for Hancom, saying that although the mask sector fell short of expectations, it will secure growth by pushing for new businesses this year.
"This year, it will achieve further growth in the main business and the new business rather than the growth of the existing mask business," the company explained, adding, "Based on Hancom Works, the office sector has already increased the proportion of B2B(business-oriented) and B2C (general consumer-oriented) than B2G(government-oriented) since the fourth quarter of last year and will increase further in the future."
"Lifecare is expected to grow in new businesses other than masks," the company said and predicted, "While tests related to the fire safety platform were conducted last year, it is expected to expand its business in earnest from this year."
"The growth of fire-fighting platform will lead to an increase in corporate value as IPO is set for the second half of the year," the company explained. Also, "Hancom Mobility's sales related to charging electric vehicles are expected to be reflected in the second half of the year, and the drone business of related companies will be carried out," the company said and predicted, "There will be growth related to new businesses."
Reporter An Hoe Hyun firstname.lastname@example.org