[Special Stock] Hyundai Mobis, Up Over 4% Following Last Year's Surprise Earnings

Hyundai Mobis, which recorded an earnings surprise last year that exceeded market expectations, saw its stock price rise on the 24th.

As of 9:21 AM on that day, Hyundai Mobis was trading at 263,500 KRW, up 11,500 KRW (4.56%) from the previous trading day.

The day before, Hyundai Mobis announced that its operating profit for last year was 3.0735 trillion KRW, a 34% increase compared to the previous year. This significantly exceeded the market consensus forecast of 2.8 trillion KRW. Although sales decreased by 3% to 57.237 trillion KRW, profitability recovered as the adoption of high value-added core components such as electrification parts increased. Hyundai Mobis stated, "The increase in operating profit was driven by the product mix effect, including the expanded application of high value-added core components, along with overall profitability improvement activities."

Regarding this, Kim Gwi-yeon, a researcher at Daishin Securities, said, "Previously, Daishin Securities judged that Hyundai Mobis had low visibility for profit improvement in modules and parts, and that the electrification business division was sluggish due to stagnation in electric vehicle demand, limiting its attractiveness within the industry. However, through the fourth-quarter results last year, if visibility of performance turnaround and interest in corporate governance restructuring within the market continue, the stock's attractiveness is bound to increase."