April 20, 2024

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[THE INVESTOR] Innowireless will be one of principal beneficiaries of 5G mobile era, said Hana Financial Investment on Dec. 6, maintaining a “buy” recommendation and raising the target price to 25,000 won (US$22.89) from 15,000 won.

In the latter half of next year, investment in 5G technology in Korea will begin earnestly, and although the company’s stock price has hiked recently, there is still room for further rise considering the market potential, said analyst Kim Hong-sik.

Sales of testers and gauging equipment will rise significantly from next year and small-cell product market for 5G technology will expand, forecast the analyst. 

Its short-term earnings prospects, however, remain unclear, as its revenue is yet to show signs of recovery and exports to India, Japan and Europe is still slow, pointed out Kim. Revenue from the second half of next year and into 2019 is positive, he added.

By Hwang You-mee (glamazon@heraldcorp.com)