Eugene Investment keeps Buy rating for Mando stock
Published on 10/14/2026 at 03:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets and operating forecasts
- On October 14, 2026, Eugene Investment maintained its Buy rating while cutting the target to KRW 60,000.
- The third-quarter revenue forecast reached KRW 2.405 trillion, up 3.60 percent year over year.
- Second-quarter revenue was KRW 2.50 trillion and operating profit was KRW 107 billion.
Mando (KR7204320006) was quoted at KRW 43,600.00 on the Korea Exchange at 9:45 a.m. KST on October 14, 2026. On the same date, Newsway reported that Eugene Investment maintained its Buy rating for Mando while cutting the target from KRW 75,000 to KRW 60,000. The downgrade reflects near-term cost pressure, while the brokerage retained a positive view of robotaxi and humanoid actuator opportunities.
Costs pressure the third quarter
Newsway said Eugene Investment expects third-quarter 2026 revenue of KRW 2.405 trillion, up 3.60 percent from the year-earlier period. Operating profit is forecast at KRW 910 billion, down 2.90 percent year over year and 8.70 percent below the KRW 1.00 trillion market forecast cited in the report.
The pressure comes from vehicle-maker strikes and higher semiconductor, memory, PCB and raw-material costs, according to Newsway. The report said some cost increases could be recovered from customers in the fourth quarter, which makes the margin trend the key near-term test.
What supports the longer view?
Hanwha Investment and Securities said on September 15, 2026, that Mando had accumulated KRW 5.80 trillion of order intake in the first half of 2026, with electronic parts accounting for 71.00 percent, according to The Asia Business Daily. The brokerage maintained a Buy rating and a KRW 83,000 target, highlighting orders for steer-by-wire, braking and suspension components from robotaxi customers.
Three dated operating markers
On August 14, 2026, Mando's half-year filing showed revenue of KRW 2.50 trillion, operating profit of KRW 107 billion and net income of KRW 58.80 billion, according to Kospik. On September 15, 2026, Hanwha Investment and Securities kept its KRW 83,000 target, while the October 14, 2026 update from Eugene Investment lowered its target to KRW 60,000, according to the cited reports.
KOSPI quote and valuation
Mando was quoted at KRW 43,600.00 on KOSPI at 9:45 a.m. KST on October 14, 2026, while market capitalization stood at KRW 2.0 trillion. The 52-week range was KRW 32,650.00 to KRW 79,100.00, leaving the quote 33.54 percent above the low and 44.88 percent below the high.
Mando market facts
- Company: Mando Corporation
- ISIN: KR7204320006
- Ticker: 204320
- Primary exchange: Korea Exchange KOSPI
- Primary exchange price as of October 14, 2026 at 9:45 a.m. KST: KRW 43,600.00
- Market capitalization: KRW 2.0 trillion as of October 14, 2026
- 52-week range: KRW 32,650.00-KRW 79,100.00 as of October 14, 2026
- Sector / Industry: Consumer Cyclical / Auto - Parts
Market context: Market report KOSPI.
