Hanwha keeps KRW 5,100 target for Hanon Systems stock

Published on 10/20/2026 at 02:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was KRW 2.88 trillion, up 0.60 percent year over year. Hanon Systems stock faces November 5 after KRW 103.68 billion operating profit.

November disclosure and operating progress

On October 16, Hanon Systems set November 5 for provisional results and an investor presentation.
Second-quarter operating profit reached KRW 103.68 billion on revenue of KRW 2.88 trillion.
Hanwha Investment and Securities maintained a KRW 5,100 target on October 19, 2026.

Hanon Systems, KR7018880005, Illustration mit AI erstellt.

Hanon Systems (ISIN KR7018880005) kept a KRW 5,100 price target on October 19, 2026, when Hanwha Investment and Securities maintained its Buy rating, according to Newspim. The report places the next test on November 5, when Hanon Systems is scheduled to disclose provisional results for the period through September 30, 2026.

Target stays tied to recovery

Hanwha Investment and Securities said third-quarter revenue could face currency and customer-volume pressure, while companywide cost reductions were expected to keep operating profit in line with consensus. The house also pointed to higher new-vehicle volumes and an expanding aftermarket business as growth factors, while retaining the KRW 5,100 target.

The target sits above the six-month average of KRW 4,775, but the report said it was below the highest target of KRW 6,500. Those figures show that the latest analyst view is constructive without representing the most optimistic valuation in the market, according to Newspim.

What does November mean for margins?

Hanon Systems reported second-quarter revenue of KRW 2.88 trillion, up 0.60 percent year over year, while operating profit reached KRW 103.68 billion and the operating margin was 3.61 percent. In the second quarter of 2025, operating profit was KRW 64.30 billion and the margin was 2.25 percent, giving the upcoming disclosure a clear profitability benchmark, according to ATS View.

Three recent steps shape the story

On August 13, 2026, the second-quarter report showed KRW 2.88 trillion in revenue. On October 8, Hanon Systems expanded sales of compressors and condensers through Hankook Tire and Technology's T-Station network, according to EDAILY. On October 16, the company set November 5 for provisional results and an investor-relations presentation, according to TipRanks.

Dates investors can mark

The provisional results and investor-relations presentation are scheduled for November 5, 2026, followed by a domestic non-deal roadshow from November 6 to November 10, according to TipRanks. The event should clarify whether cost savings can offset the revenue pressures identified in the October 19 analyst report.

KRX listing keeps margins central

Hanon Systems was last at KRW 3,935 on the Korea Exchange on October 20, 2026 at 9:01 a.m. KST. Its market capitalization was KRW 4.0 trillion as of October 20, 2026.