Mando, KR7204320006

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

Published on 10/24/2026 at 00:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hana cut its target to KRW 61,000 on October 15, 2026. Mando stock costs KRW 37,350.00 on October 23, 2026 after KRW 38,050.00.

Analyst revisions and business catalysts

Hana Securities lowered its target from KRW 69,000 to KRW 61,000 on October 15, 2026.
Shinhan Securities estimated third-quarter revenue at KRW 2.44 trillion and operating profit at KRW 923.00 billion.
Mando stock closed at KRW 37,350.00 on October 23, 2026 on the KRX.

Mando, KR7204320006, Illustration mit AI erstellt.

Mando (KR7204320006) had its Hana Securities target cut from KRW 69,000 to KRW 61,000 on October 15, 2026, as rising costs clouded the third-quarter outlook, according to Yonhap. The revision keeps the debate centered on near-term margins versus HL Mando's robotaxi and robotics opportunities.

Targets point to margin pressure

Hana Securities projected third-quarter operating profit at KRW 84.90 billion, down 10.00 percent from a year earlier. The brokerage attributed the weaker outlook to currency effects and higher material costs, while expecting customer cost recovery to support later quarters.

On October 14, 2026, Eugene Investment lowered its target from KRW 75,000 to KRW 60,000 while retaining a Buy rating, according to Newsway.

Three target revisions in October

On October 14, 2026, Eugene Investment set a KRW 60,000 target after KRW 75,000, according to Newsway. On October 15, 2026, Shinhan Securities cut its target from KRW 77,000 to KRW 71,000, according to Newspim.

On October 15, 2026, Hana Securities cut its target from KRW 69,000 to KRW 61,000, according to Yonhap.

What does the target cut mean?

Shinhan Securities estimated third-quarter revenue at KRW 2.44 trillion, up 5.20 percent year over year, but put operating profit at KRW 923.00 billion, down 2.00 percent and 7.30 percent below its KRW 996.00 billion market estimate, according to Newspim. The same report said fourth-quarter operating profit could reach KRW 101.30 billion, up 27.10 percent year over year, if customer compensation and production normalization offset cost pressure.

HL Mando describes its business as spanning electric-vehicle, autonomous-driving, robotics and software solutions, according to HL Mando. That mix gives the stock a longer-term growth angle, but the October estimates show why the immediate test remains operating profitability.

KRW valuation sets the market frame

On the KRX, Mando closed at KRW 37,350.00 on October 23, 2026 at 3:50 p.m. KST. The close stood 5.51 percent above its 52-week low of KRW 35,400.00 and below its 52-week high of KRW 79,100.00, while market capitalization was KRW 1.8 trillion.