[Featured Stock] Expected Benefit from Autonomous Market Expansion... Purentier Up Over 4%

With the expansion of the autonomous driving market expected to increase orders, Furonteer’s stock price is showing strength. Furonteer is a specialized manufacturer of automation equipment related to camera modules, established in 2009.

As of 3:07 PM on the 10th, Furonteer was trading at 22,200 KRW, up 950 KRW (4.47%) from the previous trading day.

On the same day, Kangho Oh, a researcher at Shinhan Investment Corp., said about Furonteer, "The autonomous driving market is expected to grow at an average annual rate exceeding 40% from 2024 to 2028. Due to the industry characteristics, the demand for camera sensing and modules will continue to benefit from the level upgrades in the autonomous driving market and the increased efficiency and safety requirements of automakers. Accordingly, performance improvement is expected next year."

Researcher Oh added, "Last year, the company highlighted its technological competitiveness by expanding orders for automotive electronic equipment. Although it experienced a decline in orders and poor performance this year, benefits are expected next year with the blooming of the autonomous driving market."