[Featured Stock] Tobis Gains 5.87% on Attention to Electric Vehicle Fire Prevention

The stock price of Tobis, considered a beneficiary of electric vehicle fire prevention, showed strength on the 6th. The news of casino industry regulation easing, such as Kangwon Land announcing that it received permission from the Ministry of Culture, Sports and Tourism to change its business restriction conditions the day before, also acted as a positive factor.

As of 9:08 a.m. that day, Tobis was trading at 19,130 won, up 1,060 won (5.87%) from the previous trading day.

Shinhan Investment Corp. maintained a 'buy' rating and a target price of 30,000 won for Tobis, stating, "We expect to break away from the undervaluation with a price-earnings ratio (PER) of 6 times." Researchers Seunghwan Choi and Byunghwa Lee of Shinhan Investment Corp. said, "Both the core businesses of casino and automotive displays are progressing smoothly," adding, "Due to recent electric vehicle fire incidents, demand for the fire-prevention type electric vehicle charger communication controller from its subsidiary Glocord Tech is expected to expand."

Tobis is a company that produces industrial monitors, device modules, and touch panels used in casino gaming machines and is recently expanding its business into the automotive display sector. Its subsidiary Glocord Tech is a communication controller company for electric vehicle chargers, with clients including SK Signet, BYD, and CATL.