Hanwha cuts target for Hankook Tire stock to KRW 89,000

Published on 10/20/2026 at 04:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hanwha sees KRW 5.59 trillion third-quarter revenue. Hankook Tire stock faces KRW 554.3 billion operating profit and a November 5 report.

Earnings pressure and product strength

Hanwha Investment and Securities cut its Hankook Tire target to KRW 89,000 on October 19, 2026.
Third-quarter revenue is forecast at KRW 5.59 trillion and operating profit at KRW 554.3 billion.
Hankook Tire stock was last at KRW 61,900 on the KRX on October 20, 2026 at 10:59 a.m. KST.

Hankook, KR7161390000, Illustration mit AI erstellt.

Hankook Tire & Technology (ISIN KR7161390000) faces a lower analyst target of KRW 89,000 as higher oil, freight and rubber costs pressure its third-quarter outlook. On October 19, 2026, The Asia Business Daily reported that Hanwha Investment & Securities cut its target by 7.3 percent while keeping a Buy rating.

What does the target cut mean?

Hanwha forecast third-quarter consolidated revenue of KRW 5.59 trillion and operating profit of KRW 554.3 billion. Revenue would rise 3.2 percent year over year, while operating profit would fall 5.4 percent from the same period, according to The Asia Business Daily.

The tire division's expected operating margin of 16.4 percent compares with 19.2 percent in the same period last year. Price increases and higher-value products, including tires of 18 inches or larger and electric vehicle tires, are intended to offset the cost burden, but the analyst expects pressure to persist through the fourth quarter of 2026 and the first quarter of 2027.

Three earnings milestones

Hankook's reported revenue reached KRW 5.31 trillion in the first quarter of 2026, KRW 5.68 trillion in the second quarter, and Hanwha's October 19 forecast put third-quarter revenue at KRW 5.59 trillion. The quarterly figures are listed by Atsview, while the release dates of May 8, August 11 and the October 19 forecast are documented by RTTNews.

Product awards add a counterweight

On October 14, 2026, Hankook said 11 products across nine categories were recognized at the 2026 WhatTyre Awards, including three category wins. The iON evo took the electric vehicle tire award for the third consecutive year, while Ventus evo won the performance tire category for a second consecutive year, according to Hankook Tire and Technology.

Results date and market position

The next reported event is scheduled for November 5, 2026, when Hankook is listed to report third-quarter results. Its KRX quote was last at KRW 61,900 on October 20, 2026 at 10:59 a.m. KST, while the 52-week range stood at KRW 41,600 to KRW 78,400 and market capitalization at KRW 7.6 trillion.

Cost control sets the near-term test

The earnings setup has two opposing forces: higher costs are weighing on operating profit, while price increases, premium products and strong winter tire demand could protect revenue. The November report will show whether the 16.4 percent tire-division margin forecast holds.