Hana Securities cuts target for Kumho Tire stock to KRW 7,700

Published on 10/20/2026 at 02:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hana Securities cut its target to KRW 7,700 on October 19, 2026. The KRW 109.6 billion profit estimate sets the context for Kumho Tire stock.

Analyst revision and earnings path

Hana Securities cut its target to KRW 7,700 on October 19, 2026.
Kumho Tire reported KRW 1.33 trillion in second-quarter revenue, up 9.1 percent year over year.
The next off-road racing round is scheduled for October 23, 2026.

Kumho Tire, KR7073240004, Illustration mit AI erstellt.

Kumho Tire (KR7073240004) was quoted at KRW 5,680 on KSC on October 20, 2026 at 9:15 a.m. KST. The immediate catalyst was a target-price reduction by Hana Securities, which cut its forecast from KRW 8,300 to KRW 7,700 on October 19, 2026, according to Yonhap News.

Targets reflect tariff pressure

Hana Securities kept its Buy rating but expects Kumho Tire's third-quarter operating profit to reach KRW 109.6 billion, below market expectations. The report attributed the pressure to European tariffs, higher raw-material costs and a narrower spread between tire prices and input costs.

A second report carried a similar message. DB Securities reduced its target from KRW 8,000 to KRW 7,500 on October 19, 2026, while forecasting third-quarter revenue of KRW 1.206 trillion and operating profit of KRW 113.4 billion, below a KRW 145.0 billion consensus estimate, Newspim reported.

What does the earnings base show?

The latest reported quarter offers a stronger starting point. Kumho Tire posted KRW 1.3328 trillion in second-quarter revenue, up 9.1 percent from a year earlier, and KRW 182.2 billion in operating profit, up 4.0 percent, according to News2day. The contrast is clear: volume and pricing supported the second quarter, while tariff exposure is now weighing on the next estimate.

Three dated developments

On July 30, 2026, Kumho Tire reported KRW 1.3328 trillion in second-quarter revenue and KRW 182.2 billion in operating profit. On October 19, 2026, DB Securities cut its target to KRW 7,500 from KRW 8,000. On October 19, 2026, Hana Securities cut its target to KRW 7,700 from KRW 8,300.

Upcoming company dates

Kumho Tire U.S.A. said the final 2026 Formula Drift round is scheduled for October 23, 2026, with the event continuing through October 24, 2026, according to Tire Review. A separate market calendar lists November 16, 2026, as the next earnings date, TradingView shows.

Valuation remains a counterpoint

Kumho Tire's market capitalization was KRW 1.6 trillion as of October 20, 2026. Its 52-week range was KRW 4,220.00 to KRW 8,850.00 as of October 14, 2026, leaving the current quote below the upper end of that band. The analyst revisions make the third-quarter margin outlook the key test for the stock.