Hyundai Securities cuts target to KRW 70,000 for HD Hyundai Marine Engine stock

Published on 10/20/2026 at 01:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

An October 12 report set the target for HD Hyundai Marine Engine stock at KRW 70,000. The reduction from KRW 82,000 was 14.63 percent.

Analyst targets and operating figures

Hyundai Securities cut its target from KRW 82,000 to KRW 70,000 on October 12, 2026.
Second-quarter 2026 revenue reached KRW 128.1 billion, up 29.10 percent year over year.
HD Hyundai Marine Engine had a KRW 1.4 trillion market capitalization on October 19, 2026.

HD Hyundai Marine Engine, KR7071970008, Illustration mit AI erstellt.

HD Hyundai Marine Engine (ISIN KR7071970008) faced a lower analyst target of KRW 70,000 on October 12, 2026, after Hyundai Securities cut its previous KRW 82,000 target by 14.63 percent. The report still projected third-quarter 2026 revenue of KRW 169.5 billion and operating profit of KRW 44.8 billion, with operating profit 12.00 percent above consensus, according to Newspim.

Why did the target fall?

The target reduction did not remove the growth case, but it put a more cautious valuation beside the operating forecast. Hyundai Securities cited delayed engine deliveries from the second quarter and possible capacity expansion, while maintaining its Buy view, Newspim reported on October 12, 2026.

Three dates and three figures

The recent sequence shows how the debate shifted. On July 28, 2026, second-quarter revenue was KRW 128.1 billion and operating profit was KRW 31.3 billion. On September 29, 2026, Mirae Asset Securities initiated coverage with a KRW 85,000 target. On October 12, 2026, Hyundai Securities lowered its target from KRW 82,000 to KRW 70,000, according to EquityLab and Newspim.

The second-quarter figures were mixed in sequence. Revenue fell 4.04 percent from KRW 133.5 billion in the first quarter of 2026 to KRW 128.1 billion, while the operating margin stayed at 24.40 percent, according to EquityLab. That makes delivery timing and inventory conversion the key operating questions for the next report.

What comes next for results?

The next clearly dated corporate milestone is November 16, 2026, the statutory deadline for the third-quarter report, according to ATS View. The company operates engine, parts and marine-service businesses, including propulsion-engine development and technical support, as described on its HD Hyundai Marine Engine website.

Stock valuation stays data dependent

HD Hyundai Marine Engine was last at KRW 41,950 on the KRX on October 19, 2026 at 3:30 p.m. KST. Its 52-week range was KRW 37,400 to KRW 118,200, while market capitalization stood at KRW 1.4 trillion on the same date. The latest target cut therefore matters less as a stand-alone signal than as a test of whether stronger deliveries can support the forecast operating profit.