Kyobo Securities on the 23rd raised its target price for Hyundai AutoEver to 540,000 won from 210,000 won, saying the company's role within Hyundai Motor Group is expected to expand. The previous trading day's closing price for Hyundai AutoEver was 434,000 won.
Kim Gwang-sik, an analyst at Kyobo Securities, said, "If Hyundai AutoEver establishes itself within Hyundai Motor Group as the company in charge of robot systems integration (SI) and control, the potential to expand operations and maintenance businesses draws attention," and noted, "Autonomous Driving also could see a bigger role to quickly build a mass-production system, considering the potential for external collaboration." The view is that Hyundai AutoEver, with extensive data center project experience, will benefit.
Kim added, "In Autonomous Driving, the expansion momentum is the same as before, but the benefits from Robotics and data centers are the differentiators," and said, "It is judged to be the affiliate that will capture the largest gains as the group expands physical AI."
Earlier, Hyundai AutoEver posted annual revenue of 4.2521 trillion won and operating profit of 253.3 billion won last year. Revenue rose 14.5% from a year earlier, and operating profit increased 13.8% from a year earlier. With annual revenue surpassing 4 trillion won, it logged record results.