Korea Investment cuts target for Hyundai Rotem stock

Published on 10/14/2026 at 05:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Korea Investment cut its target to KRW 190,000 on October 13, 2026. The target for Hyundai Rotem stock fell 29.60 percent.

Target cut and reporting date

Korea Investment reduced its Hyundai Rotem target from KRW 270,000 to KRW 190,000 on October 13, 2026.
Second-quarter revenue reached KRW 1.61 trillion, up 13.30 percent year over year.
Hyundai Rotem is scheduled to present third-quarter results on October 19, 2026.

Hyundai Rotem, KR7064350002, Illustration mit AI erstellt.

Hyundai Rotem (KR7064350002) faces a lower analyst target after Korea Investment & Securities cut its forecast from KRW 270,000 to KRW 190,000 on October 13, 2026. MK reported that the firm kept its Buy rating while citing uncertainty over the timing of new orders.

Target cut reflects order timing

The reduction was 29.60 percent versus the previous target. Korea Investment also lowered its 2027 operating profit estimate by 23.30 percent, according to Asiae on October 13, 2026.

The analyst cited large export projects in Iraq, Peru, Romania and Poland, while saying that contract timing remained the central uncertainty. The assessment puts order visibility ahead of near-term margin expansion as the key operating variable.

Second-quarter revenue grew 13.30 percent

Hyundai Rotem reported KRW 1.61 trillion of revenue and KRW 232.0 billion of operating profit in the second quarter of 2026, with revenue up 13.30 percent from the same period a year earlier, according to ATS View.

The same quarterly table shows net income of KRW 186.0 billion and an operating margin of 14.50 percent for the second quarter. Hyundai Rotem operates across rail vehicles, defense systems and related industrial equipment, and its KOSPI listing carries ticker 064350, according to ATS View.

What does the target cut change?

The immediate change is valuation discipline: the KRW 190,000 target is lower, but the Buy rating remains. The counterweight is execution potential, because the analyst said signed defense export contracts could improve the order backlog and future earnings visibility.

October 19 reporting checkpoint

Hyundai Rotem disclosed an investor-relations conference call for October 19, 2026, focused on third-quarter earnings and business updates, according to the DART filing dated October 2, 2026. Simply Wall St also lists October 19, 2026 as the date for the final third-quarter results.

Recent operating milestones include the Egypt hydrogen-tram initiative reported on October 8, 2026, involving a potential review of 44 trainsets, according to ATS View. The next results update will therefore test whether the order pipeline is translating into profit growth.