[Featured Stock] HL Mando, Up 3.64% on 'China Electric Vehicle Sales Growth'

The stock price of HL Mando, expected to benefit from the surge in sales growth of electric vehicles (EVs) in China, is showing a rise of over 3% on the morning of the 13th.

As of 9:19 a.m. on the day, HL Mando was trading at 34,150 KRW, up 1,200 KRW (3.64%) from the previous trading day.

Daol Investment & Securities lowered the target price for HL Mando from 53,000 KRW to 50,000 KRW on the same day, but maintained a 'Buy' rating, stating that "it is time to focus on corporate value."

Yoo Ji-woong, a researcher at Daol Investment & Securities, said, "The stock price is passing a turning point," adding, "The current stock price level corresponds to a price-to-earnings ratio (PER) of about 7 times based on this year, making it a good opportunity for low-price buying."

He also noted, "The third-quarter earnings this year are likely to be close to an all-time high, which could serve as a catalyst for a stock price rebound," and added, "The core of the third-quarter sales and profits is the China business, expected to reach about 538 billion KRW. It is the biggest beneficiary of the surge in China's electric vehicle (EV) sales growth in July and August."