The target price was raised, saying that Hyundai Mobis will focus on various capabilities based on Hyundai Motor’s electric vehicle platform, and this year’s electrification sales alone will exceed 6 trillion won.
Researcher Minkyung Kim, Mirae Asset Daewoo said, “Hyundai Mobis 42article7080KRW billion, operating profit 2 trillion5240It is expected to collect KRW billion.” 17.3%, 42.3% Increase, especially in electrification sales compared to last year’s estimate 52.6% Increase of 6 trillion3170He said, “I expect 100 million won.”
He continued, “The sales of electric vehicles of Hyundai and Kia, the largest customers, 51.%, 59This is because it is expected to increase by %.” 20197% in the year this year 20%, 2025year 35It will expand to %,” he predicted.
Researcher Kim said, “Hyundai Motor Group’s own electric vehicle platform E-GMPIt is also a great boon. “Recently, it is possible to improve the constitution by possessing core technologies from assembly-oriented LGA joint venture between the former and Magna (JV), etc.EV) While the importance of powertrain is emerging, Hyundai Mobis E-GMP In line with development EV We have secured powertrain competitiveness.”
Sales in the fourth quarter of last year 10article4660KRW 100 million, operating profit 6458It was estimated at KRW 100 million, similar to the previous year. Due to the recovery of domestic and overseas utilization rates of Hyundai Motors and Kia Motors, module/parts sales respectively compared to the same period last year. -2.8%, -4.8It was estimated to decrease by %.
However, sales of electrification compared to the previous year 40% Growth and the exchange rate is somewhat unfavorable, A/S Division in the same period 1.3It was expected to decrease only by %.
Researcher Kim said, “Even though the internal combustion engine market is declining, the biggest investment point is that it can secure competitiveness in the electric vehicle industry and maintain overall external growth.” 31The company raised it to 10,000 won and maintained its BUY rating.
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