THE INVESTOR

메뉴열기
March 29, 2024

[EQUITIES] ‘Hanon Systems to gain as Europe embraces EVs’

PUBLISHED : September 25, 2017 - 17:19

UPDATED : September 25, 2017 - 17:19

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • sms

[THE INVESTOR] Hanon Systems will benefit as Europe strategically embraces electric vehicles, said Kiwoom Securities on Sept. 25, raising the target price to 16,000 won (US$14.15) from 14,000 won.




Its third-quarter operating profit will fall 10.2 percent on-year to 95.8 billion won but considering the slow sales in China, it has managed to defend its profits, according to analyst Jang Mun-soo.

At this year’s Frankfurt Motor Show, more carmakers including Volkswagen presented EVs and since European carmakers prefer suppliers with experience Hanon Systems is likely to win more orders, noted the analyst. 

Among the manufacturers of environmentally friendly auto parts, Hanon is growing the fastest and its stocks are most likely to rise, forecast Jang.

By Hwang You-mee (glamazon@heraldcorp.com)

  • 페이스북
  • sms
최상단으로
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.