[Infostock Daily= Reporter An Hoe Hyun] Kiwoom Securities predicted about Kolon Industries on the 26th that the possibility of expanding its aramid business, which records high profitability, and research and development related to hydrogen for more than 15 years will be reflected in its fundamentals starting this year. As a result, the investment opinion ‘Buy’ and the target stock price of 87,000 won remained.
In the fourth quarter of last year, Kolon Industries' operating profit rose 436.2% year-on-year to 60.4 billion won, exceeding market expectations.
"Based on its own membrane technical capabilities, Kolon Industries has started research and development of hydrogen fuel cells in 2006 and has secured its own technology," the company explained, adding, "The technology that can supply PEM and MEA, both key parts of hydrogen cars, will be reflected in fundamentals in earnest from this year."
Reporter An Hoe Hyun firstname.lastname@example.org