"HL Mando Develops Robot Components with Thermal Management... Target Price Raised" [Click e-Stock]

Samsung Securities Raises Target Price by 18.7%

On June 16, Samsung Securities maintained its "Buy" investment opinion on HL Mando and raised its target price from 80,000 won to 95,000 won.

Kim Hyunji, an analyst at Samsung Securities, stated, "Robot actuators perform not only robotic mobility functions but also play a key role in thermal management. HL Mando has applied thermal management technology to its actuator designs." Kim explained that HL Mando, alongside Hyundai Mobis, possesses technologies in electric vehicle motors, sensors, steering, and reducers, which has enabled the company to expand its business into robot actuators. "HL Mando has a manufacturing plant in the United States and is expected to have opportunities to supply to American robotics companies," she added.

She highlighted several strengths HL Mando possesses in the actuator market: a 60-year track record in automotive control systems, which has built trust in durability and quality; in-house development of motor and sensor technologies essential for actuators; having leading physical artificial intelligence (AI) companies as clients, which allows HL Mando to clearly understand product roadmaps and requirements; and a local production base in North America.

She further analyzed that HL Mando distinguishes itself from Chinese companies in terms of durability, quality, sourcing capabilities, local production capacity in North America, and customer base, which gives the company confidence in securing clients.

This content was produced with the assistance of AI translation services.