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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, we expect Hyundai Steel to report consolidated revenue of W5.66tr (+0.6% YoY) and operating profit of W91.7bn (+78.2% YoY).</li><li>Our operating profit estimate is 7% above the current consensus of W85.5bn.</li><li>On a standalone basis, we expect the firm to swing to an operating profit QoQ on wider flat product spreads. </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, we expect Hyundai Steel to report consolidated revenue of W5.66tr (+0.6% YoY) and operating profit of W91.7bn (+78.2% YoY).Our operating profit estimate is 7% above the current consensus of W85.5bn.On a standalone basis, we expect the firm to swing to an operating profit QoQ on wider flat product spreads. 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 Steel (004020 KS/Buy)Likely to Swing to Black on a Standalone Basis