Live Updates > Live Update Details
2026-09-16 10:40:08
[Won's Appreciation Impacts Hyundai Mobis: Nomura Lowers Target Price to 470,000 Won, Maintains Buy Rating] (1) Nomura analyst Angela Hong said the strengthening won could drag down Hyundai Mobis' earnings. (2) The South Korean auto parts supplier remains sensitive to the won's appreciation against the dollar, as a large portion of its aftermarket parts are sourced in South Korea and exported globally. (3) Hong said Nomura lowered its earnings per share forecast for the company by 8% this year and 10% next year, as the won has risen 13% against the dollar since July. (4) She added that the company's existing local inventory may help cushion against the current foreign exchange downturn. (5) Nomura lowered its target price for the stock from 560,000 won to 470,000 won, but maintained its buy rating. (6) The stock fell 3.2% to 382,000 won.
