Ace Tech, Increased investment in 5G coverage(SK Securities)
Ace Tech, Increased investment in 5G coverage(SK Securities)
  • 안호현 전문기자
  • 승인 2021.01.28 18:15
  • 최종수정 2021.01.28 17:51
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This article is translated by AI company Flitto and Infostock Daily using neural machine translation technology.
인천 남동구 에이스테크 본사 전경. 사진= 에이스테크
A full view of Ace Tech's headquarters in Namdong-gu, Incheon. Photo=Ace Tech

[Infostock Daily= Reporter An Hoe Hyun] On the 28th, SK Securities suggested its investment opinion Buy and its target stock price at 28,000 won on Ace Tech, the same as before.

"Ace Tech will record an operating loss of 46.7 billion won in 2020 due to reduced investment in front industries and delayed investment due to COVID-19 last year," the company said, adding, "It will make a significant recovery in performance this year due to the resumption of investment in the forward industry."

"This year is the time when the importance of 5G communication infrastructure such as autonomous driving and smart city is highlighted," the company explained, adding, "5G coverage expansion investment will be accelerated."

Reporter An Hoe Hyun


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