NH Investment & Securities maintained its target stock price of 77,000 won and investment opinion of 'buy', saying it expects mid- to long-term growth strategy through business restructuring of Mando.
"Mando reorganized its business structure through material division as of Sept. 1," NH Investment & Securities said on the 29th. "Mando plans to carry out professional and optimized business operations by separating chassis projects with different business demand capabilities from advanced driver support system projects.".
NH Investment & Securities said, "Mando plans to upgrade autonomous driving and expand aggressive overseas markets through a new corporation," NH Investment & Securities said. "The corporation plans to respond to electrification by electricizing its core chassis products and diversifying its product portfolio in eco-friendly markets.".
NH Investment & Securities also said, "Mando expects to diversify mid- to long-term customers in the high-tech driver support system sector, which is currently centered on Hyundai Motor Group, through business restructuring," NH Investment & Securities said.
"The key is what business opportunities to seize in the fully autonomous driving market and establish a position in the market in the future.". NH Investment & Securities estimated the bottom of the consensus with sales and operating profit of 1.4378 trillion won and operating profit of 58.8 billion won, respectively, in the third quarter.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
