Hanwha cuts target for Hyundai Mobis stock to KRW 800,000

Published on 10/20/2026 at 04:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue was KRW 16.3 trillion and operating profit KRW 975.2 billion. Hyundai Mobis stock faces a KRW 920.6 billion third-quarter forecast.

Target cut and earnings dates

Hanwha lowered its target from KRW 810,000 to KRW 800,000 on October 13, 2026.
Second-quarter revenue was KRW 16.3 trillion and operating profit was KRW 975.2 billion.
Hyundai Mobis stock was KRW 352,000 at 10:52 a.m. KST on October 20, 2026.

Hyundai Mobis, KR7012330007, Illustration mit AI erstellt.

Hyundai Mobis (KR7012330007) faces a lower earnings bar after EDAILY reported on October 13, 2026 that Hanwha Investment & Securities cut its target from KRW 810,000 to KRW 800,000. The research house kept its Buy rating while projecting third-quarter revenue of KRW 15.754 trillion and operating profit of KRW 920.6 billion.

Target cut resets earnings debate

The change puts the emphasis on execution rather than a broad strategic reset. Hanwha cited exchange-rate movements and cost pressure, while still pointing to improving profitability in automotive electronics and the potential contribution from the Pleos Connect platform.

Three events shape the setup

On July 23, 2026, Hyundai Mobis reported second-quarter revenue of KRW 16.3 trillion and operating profit of KRW 975.2 billion, figures listed by ATS View. On September 30, 2026, the company approved a spin-off of its lamp division and outlined a planned sale to OPmobility, as reported by EDAILY. On October 13, 2026, Hanwha lowered the target to KRW 800,000 while retaining its Buy rating.

What does the lower target mean

The forecasted third-quarter operating profit of KRW 920.6 billion is below the KRW 975.2 billion reported for the second quarter, but the comparison remains tied to a business mix that includes resilient after-sales operations. Hanwha expects the after-sales division to deliver KRW 889.1 billion in operating profit and a 25.8 percent operating margin in the third quarter, cushioning weaker finished-vehicle production and higher component costs.

Dates that could move estimates

Hyundai Mobis is scheduled to present its third-quarter results on October 30, 2026, according to Vegan News. An extraordinary shareholders meeting is scheduled for November 24, 2026, with the lamp-business transaction among the matters reported by EDAILY.

Hyundai Mobis quote in Korea

Hyundai Mobis was at KRW 352,000 on the Korea Exchange at 10:52 a.m. KST on October 20, 2026. The market capitalization was KRW 31.1 trillion at the same market-data timestamp, while the 52-week range was KRW 283,000 to KRW 822,000.