Magazine prospects better than expected, and there is room for further improvement.

Magna expects that even if the production of light vehicles remains steady by 2026, its profit margin will increase, which could be a good sign for future performance adjustments. TD Cowen's Brian Morrison stated in a report that the company's performance expectations are encouraging, with a profit margin range of 6%-6.6%, higher than the average expectation of 5.95%. He said, "In the scenario of steady production in 2026, management expects to achieve significant profit margin improvement measures, which is encouraging to us." Morrison said that this strong starting point puts Magna in a favorable position for future financial expectation adjustments and potential valuation multiple expansion, and there is further upside potential if industry prospects improve.