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(Photo=L&F) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Daol Investment & Securities said L&F has increased visibility into new orders. He raised the target stock price from 190,000 won to 250,000 won and suggested an investment opinion 'buy'. The closing price of L&F on the 25th is 186,300 won.
Daol Investment & Securities said, "We plan to change the performance estimate reflecting the increase in production capacity (capa) guidance in the future after additional orders are confirmed."
"The visibility into new orders is increasing before earnings estimates are raised," said Daol Investment & Securities Co. "If we reflect expectations, it will be possible to expand multiple (multiple of corporate value)."
On the previous day, L&F announced that it has signed a contract to supply high-nickel anode materials to SK On. The main goal of the contract is to supply 13 trillion won in high nickel to all SK On's domestic and foreign production corporations for about seven years until 2030.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
