Hankook Tire & Technology rose more than 9% in early trading on the 9th. Buying appears to be pouring in after analysts said the stock is excessively undervalued.
At 10:05 a.m. that day, Hankook Tire & Technology was trading at 73,200 won on the Korea Exchange, up 6,200 won (9.25%) from the previous session.
Daol Investment & Securities maintained a "Buy" rating and a target price of 100,000 won on Hankook Tire & Technology that day.
Yoo Ji-woong, an analyst at Daol Investment & Securities, said, "The company's share price is excessively undervalued, with a relative return since the start of the year of -62.7% versus KOSPI, but solid profits are expected to continue in the second quarter of 2026," and noted, "If a strong shareholder-return policy is implemented, including raising the 2026 total shareholder return (TSR) to 35% and paying the first interim dividend, a meaningful valuation re-rating is expected."
In the second half, expanded operations at the Tennessee plant in the United States and the impact of Europe's anti-dumping tariffs are also expected to work positively for earnings. In particular, the share of China-made tires in the European market is lower than competitors, so tariff burdens are seen as relatively limited.
Yoo said, "In the second quarter, the tire division's profit momentum is likely to remain intact," adding, "Its unrivaled profitability among global tire makers will be reaffirmed."