Hyosung Advanced Materials'stock 'buy' opinion was maintained.
It is analyzed that performance is becoming visible in carbon fiber, an essential material for the hydrogen economy.
Ebest Investment & Securities maintained its target stock price of Hyosung Advanced Materials at KRW 799,000 and investment opinion 'buy' on the 7th.
Hyosung Advanced Materials is considered the only company in Korea that handles carbon fiber, an essential material for the hydrogen economy ecosystem.
Carbon fiber applies to all hydrogen ecosystems, including charging station load, high-pressure pressure containers, tube trailers for hydrogen transportation, and fuel cell vehicle pressure containers.
The carbon fiber sector is difficult for competitors to enter due to its high entry barriers, and there are no materials to replace at the moment.
Hyosung Advanced Materials is expected to generate 3.352 trillion won in sales and 422 billion won in operating profit on a consolidated basis this year. Compared to last year, sales increased 39.9% and operating profit increased 1141.1%.
Reporter Lee Ji-sun stockmk2020@gmail.com
