[Edaily Reporter Kwon Oh-seok] #HFR shares are surging in early trading. It appears that buying interest is surging on the back of positive outlooks from the securities industry.

According to MP Doctor on the 4th, HFR is trading at 33,700 won as of 9:15 a.m., up 8.89% from the previous trading day.
Earlier today, Hana Securities released a report on HFR, stating that the company is expected to benefit from expanded investment by U.S. telecommunications carrier AT&T and the phasing out of Chinese equipment, and maintained its “Buy” rating and target price of 50,000 won.
Kim Hong-sik, an analyst at Hana Securities, stated, “There is a high probability that the company will be selected again as AT&T’s front-haul vendor in the upcoming spectrum auction and will set a new earnings record,” adding, “Considering the global system integrator (SI) competitive landscape, AT&T’s vendor selection history, and Open RAN trends, the likelihood of benefiting is high.”
Currently, the major SI vendors available to AT&T following the phasing out of Chinese equipment manufacturers include Ericsson, Nokia, Fujitsu, and Samsung. In 2023, AT&T selected Ericsson as its primary base station vendor and replaced a large portion of its existing Nokia equipment.
Researcher Kim explained, “While Ericsson is a powerhouse in wireless equipment, its position in the fronthaul sector is limited, and it is pushing for the expansion of Open RAN.” He added, “From Ericsson’s perspective, Fujitsu Onefinity—which possesses fronthaul competitiveness without competing in the North American base station market—is effectively the only partner.”
Hana Securities projected that the company’s 2027 export performance would reach an all-time high, considering the effects of AT&T’s increased capital expenditures (CAPEX) and the rise in market share resulting from the phasing out of Chinese telecommunications equipment. It estimated 2027 revenue at 337.3 billion won and operating profit at 75.4 billion won.