Hyundai Glovis stock wins Buy rating with KRW 320,000 target
Published on 09/29/2026 at 20:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hyundai Glovis (ISIN KR7086280005) stock carries a new KRW 320,000.00 target from Daishin Securities after the firm initiated a Buy rating on September 29, 2026. The analyst case rests on higher car-carrier freight rates and growing Chinese vehicle exports, giving investors a concrete earnings driver beyond the latest quarterly results.
Daishin sees freight upside
According to Chosun Biz on September 29, 2026, Daishin calculated the target using a 14.00 times shipping-sector earnings multiple and expected Hyundai Glovis earnings per share of KRW 22,815.00. The forecast calls for 2026 sales of KRW 34.76 trillion, up 17.60 percent year over year, and operating profit of KRW 2.23 trillion, up 7.70 percent.
The shipping thesis is specific. Daishin expects non-affiliated Chinese vehicle cargo and heavy construction equipment to lift the PCTC business, while Hyundai Glovis plans to increase fixed-rate fleet capacity to 67.00 percent by 2029 from 47.00 percent in the previous year, according to the same September 29, 2026 report.
Second quarter sets a base
Hyundai Glovis reported 2026 second-quarter revenue of KRW 8.71 trillion, an increase of 15.80 percent from the year-earlier quarter, while operating profit reached KRW 495.10 billion and net income was KRW 369.21 billion. These figures are reported in the latest quarterly data summarized by ATS View.
The margin picture remains important because second-quarter operating profit represented 5.69 percent of revenue, below the 6.67 percent reported for the first quarter. That sequential comparison puts freight rates, fleet utilization and cargo mix at the center of the investment case.
KRX valuation stays below high
Hyundai Glovis was last at KRW 197,500.00 on KRX on September 29, 2026 at 3:30 p.m. KST. The stock's 52-week range was KRW 156,100.00 to KRW 296,000.00, while market capitalization stood at KRW 14.8 trillion on the same date.
Hyundai Glovis market snapshot
- Company: Hyundai GLOVIS Co., Ltd.
- ISIN: KR7086280005
- Ticker: 086280
- Primary exchange: KRX
- Primary exchange quote as of September 29, 2026, 3:30 p.m. KST: KRW 197,500.00
- Market capitalization: KRW 14.8 trillion (as of September 29, 2026)
- 52-week range: KRW 156,100.00-KRW 296,000.00
- Sector / Industry: Industrials / Integrated Freight and Logistics
