[Click eStock] "Korea FT, Hyundai Motor Canister Monopoly... HEV Expansion Until 2028"

On the 13th, Korea Investment & Securities forecasted that Korea FT will continue to grow as the exclusive supplier of canisters for the Hyundai Motor Group, driven by an increase in hybrid (HEV) volume.

Kim Chang-ho, a researcher at Korea Investment & Securities, stated, "Through the domestic NDR, we confirmed investors' strong interest in HEVs," adding, "The investment point is the continued strong sales of canisters for HEVs."

He continued, "We expect further expansion of canister orders from global OEMs and diversification of clients," and added, "The company will sustain external growth due to the expansion of HEV sales by automakers."

Korea FT achieved an operating profit of 12.8 billion KRW in the second quarter of this year, setting a new quarterly record. The improvement in profitability is attributed to increased HEV sales by the Hyundai Motor Group. In the second half of the year, the Carnival HEV will be launched in the U.S., and the available HEV inventory of the Sorento F/L will expand, enabling further growth in HEV sales compared to the first half.

Researcher Kim analyzed, "The EREV vehicle launch plan revealed by Hyundai Way is also a growth factor," and noted, "Since EREVs are also equipped with engines, canisters are essential."