[Infostock Daily=Reporter Lee Dong-hoon] Shinhan Investment Corp. maintained its target price of Mando at 95,000 won and maintained its investment opinion at 'Buy'.
Shinhan Financial Investment has strengthened its radar capabilities by acquiring Mando Hella Electronics, a company specializing in autonomous driving and electric components, and expanding investment in consortiums related to Lidar. Mando's capabilities related to the electric equipment business are unrivaled among South Korean parts makers.
Shinhan Financial Investment expected, "Mando will generate 1.5 trillion won in consolidated sales and 64.8 billion won in operating profit in the first quarter of 2021. Sales and operating profit are up 15.3% and 242% from the first quarter of 2020."
The investment forecasted, "Demand in North American market slowed down due to cold weather and the operation rate of the driver assistance system (ADAS) also fell slightly due to a lack of semiconductor supply, but the Chinese and Indian markets were expected to remain strong."
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
