Hyundai Motor shares climbed in early trading on expectations surrounding the release of a developer model of the humanoid robot Atlas.
According to the Korea Exchange, Hyundai Motor was trading at 567,000 won as of 9:58 a.m. on the 7th, up 3.09% from the previous session.
Market watchers said investor sentiment was boosted by a recently released video of Atlas’ developer model from Boston Dynamics, Hyundai Motor Group’s robotics affiliate. The video was first posted on YouTube and showed the robot’s movements.
Brokerages also pointed to the potential for an expanded robotics business. Daol Investment & Securities said it expects a “structural rise in valuation” tied to commercialization on multiple fronts, citing Boston Dynamics’ commercialization, Nvidia’s adoption of “AlphaMayo,” and Waymo’s rollout of an autonomous-vehicle foundry business. It maintained a “buy” rating and a target price of 740,000 won.
Shinyoung Securities said a key variable for Hyundai Motor’s share price in the second half of the year will be whether the company consolidates Boston Dynamics’ production entity into its financial statements.
Shinyoung said that if Boston Dynamics’ production and related operations are consolidated, it could be a strong driver for a valuation re-rating. If the current equity-method structure remains, it said, the outcome would fall short of market expectations.
It added that, from an earnings perspective, it is watching raw-material cost pressures from rising prices and the size and timing of settlements within the supply chain. Shinyoung maintained a “buy” rating and a target price of 630,000 won.
* This article has been translated by AI.
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