Mando, KR7204320006

Hana cuts Mando target to KRW 61,000 for Mando stock investors

Published on 10/20/2026 at 01:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hana cuts Mando stock target from KRW 69,000 to KRW 61,000 on October 15, 2026. Q3 profit is forecast at KRW 84.9 billion.

Target cuts and quarterly figures

Hana Securities lowered its target from KRW 69,000 to KRW 61,000 on October 15, 2026.
HL Mando forecast third-quarter operating profit of KRW 84.9 billion in the latest analyst view.
Second-quarter revenue rose 3.90 percent year on year to KRW 2.50 trillion.

Mando, KR7204320006, Illustration mit AI erstellt.

Mando (ISIN KR7204320006) was quoted at KRW 42,600 on the KOSPI on October 20, 2026 at 8:19 a.m. KST. The latest analyst action points to a weaker near-term profit outlook as materials and currency effects weigh on the third quarter.

According to Yonhap News on October 15, 2026, Hana Securities cut its target for HL Mando from KRW 69,000 to KRW 61,000 and kept its Buy view. The report forecast third-quarter operating profit of KRW 84.9 billion, 10.00 percent below the year-earlier level, citing lower exchange rates and higher material costs.

Target falls as costs rise

The target reduction places the near-term earnings risk ahead of the companys longer-term technology plans. Hana Securities expects costs to pressure profitability in the third quarter, while recovery may begin when higher expenses are passed through to customers in the fourth quarter, Yonhap News reported.

What does the latest quarter show?

HL Mando reported second-quarter 2026 revenue of KRW 2.50 trillion, up 3.90 percent from the prior-year quarter, and operating profit of KRW 107.0 billion, according to ATS View. Its operating margin was 4.30 percent, while net income reached KRW 58.8 billion. The figures show that sales growth continued, but the latest analyst forecasts point to a margin setback in the next quarter.

Three recent company milestones

On July 30, 2026, HL Mando filed preliminary operating results for the second quarter, according to a filing timeline carried by Butler Works. On August 14, 2026, it filed a half-year report covering June 2026. On October 15, 2026, Hana Securities cut its target to KRW 61,000 while retaining its Buy view.

Dates for the next update

The half-year reporting date was August 14, 2026, and the latest dated analyst update came on October 15, 2026. No later reporting date is included in the cited company and market materials.

Stock context for investors

HL Mando is an auto-parts company listed on the Korea Exchange KOSPI under ticker 204320. The company describes its activities as spanning electric-vehicle, autonomous-driving, robotics and software solutions on its corporate website. On October 20, 2026, the companys investor page showed KRW 42,600 at 8:19 a.m. KST. The finance snapshot for October 19, 2026 showed a market capitalization of KRW 2.0 trillion and a 52-week range of KRW 35,150.00 to KRW 79,100.00.