Hyundai Motor Could Face Near-Term Earnings Pressure
Dow Jones
8 hours ago
0040 GMT - Hyundai Motor's earnings could face short-term forex pressure amid a lack of near-term catalysts, Daiwa Capital's Henny Jung and Yoonki Bae say. The South Korean auto maker remains vulnerable to the recent pullback in the dollar against the Korean won, leading Daiwa to lower its 2026-2027 EPS estimates by 4%-5%, the analysts write in a note. They say the company failed to provide granular details on robotics and autonomous driving at a recent investor-relations event. At the event, Hyundai maintained its 2030 sales target of about 5.5 million units while raising its operating profit margin target to above 9% from the 8%-9% range announced last year.
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