L&F shares are expected to rise.
It is expected that sales of electric vehicle battery anode materials supplied to Tesla through LG energy solutions will continue to increase.
IBK Investment & Securities presented its target price of L&F at 280,000 won and its investment opinion as a 'buy' on the 18th.
"The biggest investment point is that L&F has secured Tesla as its final customer," said IBK Investment & Securities Co. "As Tesla's influence in the electric vehicle market becomes stronger, it is expected that sales of NCMA anode materials supplied to Tesla through LG Energy Solutions will continue to expand accordingly.".
L&F is a company specializing in anode materials for electric vehicle batteries and has LG energy solutions and overseas electric vehicle companies as customers.
L&F is supplying anode materials to LG energy solutions. LG energy solution is supplied with anode materials from L&F and Chinese companies to make batteries and supply them to Tesla.
The proportion of NCMA anode materials in L&F sales is expected to continue to expand due to strong sales of NCMA anode materials supplied by Tesla.
NCMA anode material is expected to account for 45% of L&F sales in 2021 to 70-80% in 2022.
L&F is expected to generate sales of 1.401 trillion won and operating profit of 34.1 billion won on a consolidated basis in 2021. Sales and operating profit will increase by 192% and 2173%, respectively, from 2020.
Reporter Lee Ji-sun stockmk2020@gmail.com
