[Infostock Daily= Reporter An Hoe Hyun] On the 25th, Daishin Securities offered its investment opinion 'Buy' and target stock price of 95,000 won for Mando.
Mando has secured a 100% stake in Mando Hella, raising the possibility of winning overseas orders. As a result, it is predicted that this year's maximum performance will be possible.
Mando recorded consolidated sales of 1.7385 trillion won and operating profit of 80.4 billion won in the fourth quarter of last year. It increased by 6.3% and 27.9%, respectively, compared to the same period last year. In the case of operating profit, it was less than 13.96% of the market outlook(Consensus).
Daishin Securities predicted that Mando will achieve its highest-ever performance this year with sales of 6.249 trillion won and operating profit of 362 billion won on a consolidated basis. In particular, it is expected that the acquisition of a 100% stake in Mando Hella will be effective.
"The acquisition of Mando Hella will allow this year's operating profit ratio to rise 0.2% in the short term and increase the possibility of winning overseas orders as major carmakers for products that include Mando Hella's radar and ADAS technology," Daishin Securities explained.
Reporter An Hoe Hyun ahh@infostock.co.kr
