Ebest Investment & Securities Co. maintained its investment opinion of "Buy" on Hyosung Advanced Materials and raised the target price to 553,000 won from 375,000 won.
eBest Investment & Securities expects Hyosung Advanced Materials' earnings in the first quarter of this year to exceed market expectation.
Ebest Investment & Securities said, "Hyosung high-tech materials are expected to show good performance in the polyester tire cord (PET T/C) sector thanks to increased demand in the global automotive industry. In addition, the Aramid and Carbon Fiber sectors are expected to return to strong profitability."
Reporter Lee Dong-hoon firstname.lastname@example.org