External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, Hyundai Livart announced consolidated revenue of W340.7bn (-25% YoY) and operating profit of W3.7bn (-62%, YoY), with the latter missing the consensus (W7.9bn) by 53%.</li><li>B2B furniture revenue fell 28% YoY, continuing to reflect the impact of the downtrend in apartment presales.</li><li>Revenue in the B2B unit also declined 28% YoY, affected by the completion of major overseas temporary construction projects and the lack of new project starts. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

For 3Q25, Hyundai Livart announced consolidated revenue of W340.7bn (-25% YoY) and operating profit of W3.7bn (-62%, YoY), with the latter missing the consensus (W7.9bn) by 53%.B2B furniture revenue fell 28% YoY, continuing to reflect the impact of the downtrend in apartment presales.Revenue in the B2B unit also declined 28% YoY, affected by the completion of major overseas temporary construction projects and the lack of new project starts. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hyundai Livart (079430 KS/Hold)Earnings Miss Due to Challenging Market Conditions