April 26, 2024

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[THE INVESTOR] Ace Technologies will enjoy a boom from the early introduction of 5G wireless technology and the era of self-driving vehicles, said Hana Financial Investment on Dec. 18, maintaining a “buy” recommendation and 7,000 won (US$6.43) target price. 

The company, along with KMW, is the domestic leader in antenna sector where the most significant changes will be made from 5G technology, according to analyst Kim Hong-sik.

Considering the rising expectations, the close to 20 billion won overhang will not last long, he noted. 

Its 100 billion won order from India has begun to be reflected and the earnings prospect for the first quarter of 2018 is rosy. It recently started supplying LTE equipment to US AT&T and Japan’s Softbank, and is likely to further expand its client base, forecast the analyst. 

It will also pick up from the second half of next year for self-driving technology and investors should actively purchase its stocks before February when a number of 5G events are scheduled, added Kim. 

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