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>Shares of Hyundai Motor (HMC) have gained 38% YTD, significantly outperforming the broader market (+12%).</li><li>With Hyundai Motor Group (HMG) having unveiled its robotics strategy (timelines for the full-scale production and deployment of Atlas, collaboration with Google DeepMind, etc.), HMC’s stock has begun to price in the value of its stake in Boston Dynamics.</li><li>In another positive development, HMG appointed a new advanced vehicle platform (AVP) division head with prior experience at Nvidia and Tesla. </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>

Shares of Hyundai Motor (HMC) have gained 38% YTD, significantly outperforming the broader market (+12%).With Hyundai Motor Group (HMG) having unveiled its robotics strategy (timelines for the full-scale production and deployment of Atlas, collaboration with Google DeepMind, etc.), HMC’s stock has begun to price in the value of its stake in Boston Dynamics.In another positive development, HMG appointed a new advanced vehicle platform (AVP) division head with prior experience at Nvidia and Tesla. 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 Motor (005380 KS/Buy)Earnings Set to Improve in 2026;