On the 10th, SK Securities analyzed that Hyundai Mobis is less affected by U.S. tariffs than complete vehicles and is the corporation most positively influenced by the amendments to the Commercial Act in the automotive institutional sector. It maintained its investment opinion of 'buy' and raised the target stock price to 390,000 won. The previous closing price of Hyundai Mobis was 309,500 won.
SK Securities expected that Hyundai Mobis would benefit from the amendments to the Commercial Act that recently passed in the National Assembly.
Yoon Hyuk-jin, a researcher at SK Securities, noted, "The fact that Hyundai Mobis will be at the top of the Hyundai Motor Group's governance structure is something many investors agree on," adding, "The upcoming restructuring of Hyundai Motor Group's governance structure under the increased flow of shareholder rights due to the amendments to the Commercial Act reduces the likelihood of small shareholders being disadvantaged."
Expectations for the amendments to the Income Tax Act were also expressed. Researcher Yoon stated, "If the Income Tax Act amendment that separates taxation of dividend income for corporations with a payout ratio of over 35% is passed, there is a possibility that shareholder return policies will be increased," and added, "The corporation in the automotive sector most positively affected by the amendments to the Commercial Act is Hyundai Mobis."
Meanwhile, SK Securities projected that Hyundai Mobis' second-quarter earnings this year will reach 15 trillion won in sales and 834.3 billion won in operating profit. These figures represent increases of 2.5% and 31.2%, respectively, compared to the same period last year, and it is expected that operating profit will meet the consensus level of 82 billion won.