NH Investment & Securities said on the 30th that Hyundai Mobis is expected to be the biggest beneficiary, noting it will supply key parts as group affiliates shift into new businesses such as Robotics and Autonomous Driving. It maintained a Buy rating and a target price of 5.8 million won. Hyundai Mobis' previous trading day share price was 408,500 won.
NH Investment & Securities said Hyundai Mobis' manufacturing division swung to a full-year profit last year, entering a full-fledged growth trajectory.
Researcher Haneul at NH Investment & Securities said, "The after-sales service (AS) division sustained high profitability despite tariff burdens, driving companywide results," adding, "Hyundai Mobis is also preparing development and mass production of actuators for humanoids."
In addition, a Hyundai Motor affiliate recently announced a plan to launch autonomous vehicles at a shareholders meeting. Starting in 2028, it plans to equip Genesis models with L2 Autonomous Driving.
Researcher Ha explained that after the software-defined vehicle (SDV) pace car is launched in the second half of this year and autonomous vehicle rollouts accelerate, Hyundai Mobis is ready to supply autonomous driving and parking controllers as well as sensors.
Meanwhile, first-quarter results this year are expected to be sales of 15.8943 trillion won and operating profit of 825.2 billion won. Those would be up 7.7% and 6.2%, respectively, from a year earlier.
Researcher Ha said, "Even in the off-season for the manufacturing division, the AS division is expected to drive quarterly results, helped by favorable exchange rates," adding, "With a supportive exchange rate, the AS division is expected to post sales of 3.4295 trillion won and continue to deliver high profitability."