Hyundai Mobis' Earnings Could Be Dragged Lower by Stronger Won -- Market Talk
Dow Jones2026/09/16 02:350235 GMT - Hyundai Mobis' earnings could be dragged lower by a stronger won, Nomura's Angela Hong says. The South Korean auto-component supplier remains sensitive to the won's appreciation against the dollar because a substantial portion of its aftermarket parts is sourced in Korea and exported globally, the analyst writes in a note. Nomura lowers its earnings-per-share estimates for the company by 8% this year and by 10% next year, citing the won's 13% gain against the dollar since July, Hong says. Still, existing local inventory at the company could help buffer immediate foreign-exchange headwinds, she adds. Nomura cuts its target price for the stock to 470,000 won from 560,000 won but keeps a buy rating. Shares are 3.2% lower at 382,000 won. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
September 15, 2026 22:35 ET (02:35 GMT)
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