Eugene Investment & Securities maintained its target stock price of 41,000 won and its investment opinion of "buy", saying it expects SL to benefit from the launch of electric vehicles.
Eugene Investment & Securities analyzed, "The makers that suffered the most from the disruption in supply and demand of semiconductors for vehicles were North American market makers such as GM and Ford.".
"The production expansion policy to expand inventory is expected to be maintained annually due to a serious inventory shortage in the North American market," said Eugene Investment & Securities "The semiconductor shortage is expected to continue next year, but the impact will be eased in preparation for this year.".
Eugene Investment & Securities also predicted that "LMC Auto will increase 15% compared to this year's production of vehicles in North America.".
"The growth of the U.S. electric vehicle market will be noticeable due to the increased launch of North American electric vehicle models and the Biden administration's policy to supply eco-friendly vehicles. The South Korean government has proposed 200,000 units, which doubled from this year with the aim of supplying electric vehicles next year," said Eugene Investment & Securities.
Eugene Investment & Securities said, "Lighting is a key item to complete the future-oriented design concept of the recently launched new electric car," and added, "SL is expected to benefit from the launch of new electric vehicles as it has a number of customers such as GM, Hyundai Motor and Kia. ".
"It is expected to record sales of KRW 3.2 trillion, operating profit of KRW 214 billion and controlling shareholders' profit of KRW 179 billion next year," said Eugene Investment & Securities "The increase in production due to eased disruptions in supply and demand of semiconductors for vehicles and the launch of customers' electric vehicles will be momentum for improvement in performance.".
Reporter Lee Dong-hoon email@example.com