[Stock in Focus] Hyundai Glovis Hits Record High on Estimated 3 Trillion Won Value of Boston Dynamics Stake

Hyundai Glovis is showing strong performance in early trading.

As of 9:03 a.m. on January 12, Hyundai Glovis was trading at 267,500 won, up 18.10% (41,000 won) from the previous trading day. During the session, it climbed to 271,500 won, setting a new 52-week high.

Investor sentiment appears to be boosted by expectations that the company will deliver operating profit exceeding market forecasts this year, driven by improved margins in its shipping division and optimism about robotics.

Ryu Jehyeon, a researcher at Mirae Asset Securities, stated, "With tariff uncertainties removed, the strong trend in automobile export volumes is expected to continue, which should also improve margins in the shipping division." He estimated Hyundai Glovis's operating profit for 2026 at 2.2404 trillion won. The company's 11.25% stake in Boston Dynamics is projected to exceed 3 trillion won in value.

Ryu added, "If the recent share price increase was a process of eliminating the discount, going forward, rapid cost reductions and the highlighted value of the Boston Dynamics stake could justify a premium." He raised his target price from 210,000 won to 290,000 won.