Hana Financial Investment maintained its investment opinion of "Buy" on Haesung DS and the target price of 42,000 won.
Hana Financial Investment expects sales of Haesung DS to reach 135.9 billion won in the first quarter of this year, up 27% from the previsous year.
The investment analyzed that shortage in supply of automotive semiconductors and lead frames created an environment for manufacturing relatively expensive products.
The investment predicted that annual sales and operating profit of Haesung DS will increase by 23% and 17% year-over-year, respectively. Annual sales will be 564.5 billion won and operating profit will be 50.9 billion won. This indicates that sales volume has increased more than expected due to an improved product mix.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
