[Featured Stock] Hyundai Mobis Up 3.35% on Expectations of High Value-Added Effect

The stock price of Hyundai Mobis, expected to improve performance through the high value-added transformation of the production line, is on the rise.

As of 9:52 AM on the 16th, Hyundai Mobis was trading at 231,500 KRW, up 7,500 KRW (3.35%) from the previous trading day.

On the same day, Hanwha Investment & Securities maintained a target price of 300,000 KRW and a buy rating for Hyundai Mobis. Kim Seong-rae, a researcher at Hanwha Investment & Securities, stated, "Although the reduction in electric vehicle volume and the fixed cost burden of electrification investments will continue, the negative impact will be limited due to the low base starting from the third quarter."

He added, "By improving the supply composition centered on high value-added electronic components such as integrated controllers due to the transition to Software-Defined Vehicles (SDV), the deficit in the module and core parts sectors has been reduced. Furthermore, the comprehensive cooperation between Hyundai Motor Company and GM is expected to open new avenues for expanding non-captive sales (global automakers excluding Hyundai Motor Company and Kia) of Hyundai Mobis's electrification systems."