Hyundai Mobis has reached a 52-week high, driven by investor optimism surrounding the reassessment of its physical artificial intelligence (AI) value chain.
According to the Korea Exchange, as of 10:19 a.m. on May 28, Hyundai Mobis shares were trading at 712,000 won, up 24,000 won (3.49%) from the previous trading day. Shortly after the market opened, the stock surged to 749,000 won, marking a new high with an 8.87% increase.
Analysts are focusing on Hyundai Mobis's expansion of its physical AI value chain, leading to upward revisions of target prices.
Shinhan Investment Corp. raised its target price from 570,000 won to 900,000 won, a 57.9% increase. Samsung Securities and LS Securities also adjusted their target prices for Hyundai Mobis to 950,000 won and 870,000 won, respectively.
Park Kwang-rae, an analyst at Shinhan Investment Corp., stated, "Hyundai Mobis's after-service (A/S) sector plays a crucial role in supporting the valuation floor as a key cash generator, providing investment capacity for automotive, autonomous driving, and robotics."
Lim Eun-young, an analyst at Samsung Securities, noted that the actuators handled by Hyundai Mobis account for 50% to 60% of the hardware costs for humanoid robots and are also essential components for thermal management. He indicated that this reflects an expanded role in the robotics sector, prompting an increase in the price-to-earnings (P/E) ratio from 13.7 to 18.4.
* This article has been translated by AI.
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