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

Mirae Asset Securities

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives.

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

Equity Bottom-Up

<ul><li>Hyundai Mobis is scheduled to release its 2Q26 results on Jul. 24.</li><li>We estimate revenue at W16.9tr (+6.2% YoY; 1% above the consensus of W16.7tr) and operating profit at W931.5bn (+7.1% YoY; 3% above the consensus of W908.8bn), better than previously feared. Losses in the manufacturing segment likely narrowed significantly.</li><li>We estimate that the impact of tariffs remained limited, while higher EV sales by major customers and favorable FX likely provided support. </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>

Hyundai Mobis is scheduled to release its 2Q26 results on Jul. 24.We estimate revenue at W16.9tr (+6.2% YoY; 1% above the consensus of W16.7tr) and operating profit at W931.5bn (+7.1% YoY; 3% above the consensus of W908.8bn), better than previously feared. Losses in the manufacturing segment likely narrowed significantly.We estimate that the impact of tariffs remained limited, while higher EV sales by major customers and favorable FX likely provided support. 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 Mobis (012330 KS/Buy)2Q26 preview: Robotics to regain focus after strong earnings