[Featured Stock] HL Mando Surges Over 13% on Strong Earnings Expectations

HL Mando's stock is showing strong performance amid continuous solid earnings and anticipated effects from the operation of new overseas factories.

As of 9:40 AM on the 29th, HL Mando is trading at 37,050 KRW, up 4,450 KRW (13.80%) compared to the previous trading day.

In the first quarter of this year, HL Mando recorded sales of 2.1 trillion KRW and operating profit of 75.6 billion KRW, representing increases of 6% and 8% respectively compared to the same period last year, meeting market expectations. Jung Yong-jin, a researcher at Shinhan Investment Corp., explained, "Major clients performed well in the Americas and India, enabling continued growth. Although key electric vehicle clients saw sales declines of 20% in China and 12% in the Americas, the growth in local original equipment manufacturing (OEM) offset the downturn," he said.

Kim Jin-seok, a researcher at Mirae Asset Securities, stated, "We expect sales of 8.8 trillion KRW and operating profit of 352.5 billion KRW this year, and sales of 9.7 trillion KRW and operating profit of 410.1 billion KRW next year. The effects of customer diversification and product mix improvement are driving continuous top-line growth." He added, "We anticipate growth in scale and fixed cost leverage effects through factory operations and volume expansion in the US, Mexico, and India this year and next. In particular, HL Mando holds strong competitiveness in the high-growth Indian market, supplying to the 2nd to 4th ranked companies in the region."