Shinhan Investment proposed a new investment opinion "buy" and target price of KRW 55,000 for Wonik PNE on the 28th, saying it is expected to grow its high performance by benefiting from infrastructure from the opening of the electric vehicle market and diversifying its product portfolio.
"With the expansion of government policies, rapid and slow chargers will be built at major transportation hubs in Korea, and residential and workplace-oriented infrastructure will also increase," Shinhan Investment said. "The competitiveness of charging specifications and the quality of after-service (AS)-related services will determine market share in the future.".
Shinhan Financial Investment predicted, "By benefiting from the market expansion, sales of Wonik PNE's charging infrastructure will be able to grow 35 percent to 19.2 billion won next year from this year and 29 percent year-on-year to 24.7 billion won in 2023.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
