[Featured Stock] HL Mando, Beneficiary of 'Autonomous Driving and Robots', Rises Over 5%

As interest in autonomous driving and robotics increases, HL Mando's stock price is on the rise, expected to benefit from the growing demand for electrification and electronic components.

As of 11:08 AM on the 14th, HL Mando was trading at 44,050 KRW, up 2,350 KRW (5.64%) from the previous trading day.

On the same day, Hanwha Investment & Securities maintained a buy rating and a target price of 58,000 KRW for HL Mando. Kim Seong-rae, a researcher at Hanwha Investment & Securities, stated, "In the fourth quarter of last year, HL Mando recorded sales of 2.3 trillion KRW and an operating profit of 93.6 billion KRW, with operating profit expected to increase by 85.0% compared to the same period last year. The growth trend is expected to continue due to expanded parts supply centered on major customers in China and North America and increased demand for electrification."

He added, "With the emergence of physical artificial intelligence (AI), interest in autonomous driving and robotics is increasing. This will highlight the importance of securing physical data for motion and behavior learning within hardware (HW) devices. Accordingly, HL Mando's mid- to long-term benefits will be further strengthened."