SK Securities cuts target for HD Hyundai Electric stock to KRW 650,000

Published on 10/20/2026 at 03:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK Securities cut its target to KRW 650,000 from KRW 900,000. HD Hyundai Electric stock faces FX risk before October 22 results.

Target revision and operating scale

SK Securities cut its HD Hyundai Electric target from KRW 900,000 to KRW 650,000 on October 19, 2026.
Second-quarter 2026 revenue reached KRW 1.14 trillion, up 26.0 percent year over year.
HD Hyundai Electric stock traded at KRW 488,000 on October 20, 2026 at 10:32 a.m. KST on the KRX.
The next quarterly results are scheduled for October 22, 2026.

HD Hyundai Electric, KR7267260008, Illustration mit AI erstellt.

HD Hyundai Electric (ISIN KR7267260008) faces a KRW 650,000 target from SK Securities after the brokerage cut its previous KRW 900,000 target on October 19, 2026. According to Asia Business Daily, the firm kept its Buy rating but highlighted foreign exchange pressure and the need to defend profitability in high-margin transmission equipment.

Three estimates shape the story

The latest target cut follows a period of strong reported growth. In the second quarter of 2026, revenue reached KRW 1.14 trillion, up 26.0 percent from a year earlier, while operating profit was KRW 287 billion with a 25.1 percent margin, according to ATS View.

Chronology puts the revision in context: on October 5, 2026, a consensus report pointed to full-year operating profit above KRW 1 trillion and cited a KRW 1.12 trillion long-term supply contract; on October 7, 2026, Hana Securities cut its target from KRW 1.44 million to KRW 1.15 million; and on October 19, 2026, SK Securities reduced its target from KRW 900,000 to KRW 650,000. The October 5 figures and contract were reported by Gate News.

What does the target cut mean?

The lower target reflects a sharper near-term test rather than a reversal of the operating trend. SK Securities expects third-quarter 2026 revenue of KRW 1.113 trillion, up 11.8 percent year over year, and operating profit of KRW 297 billion, up 20.4 percent. The key issue is whether transformer shipments and distribution equipment for North American artificial intelligence data centers can offset currency effects, as the Asia Business Daily report explained.

Next results arrive October 22

The next scheduled quarterly results are due on October 22, 2026, according to TickerLandia. That release should show whether the second-quarter margin of 25.1 percent carried into the period affected by the won-dollar exchange rate.

KRW 488,000 marks the market view

HD Hyundai Electric was trading at KRW 488,000 on the KRX on October 20, 2026 at 10:32 a.m. KST. The KRX quote was below the reported 52-week high of KRW 1,430,000 and above the 52-week low of KRW 473,500, placing the stock near the lower end of its yearly range.