Hi Investment & Securities analyzed on the 31st that Koh Young Technology's earnings turnaround will accelerate this year due to a recovery in investment in front-line industries. The target price was raised to 33,000 won from the previous 26,800 won. The investment opinion remained 'buy'.
"Since the beginning of this year, there has been a faster-than-expected recovery across all industries," said Hi Investment & Securities "The steepest growth has been in the automotive electronics sector, which has been investing in both internal combustion locomotives and electric vehicles, especially in Europe, China, and Korea.".
This year's annual sales are expected to rise 38.6% year-on-year to 248.7 billion won and operating profit to 44.6 billion won, up 182.3%.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
