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>Kia Corp. (Kia) is scheduled to announce its 2Q26 results on Jul. 24.</li><li>We expect the company to deliver solid results, with revenue of W32.2tr (+9.9% YoY; in line with the consensus of W32.2tr) and operating profit of W2.67tr (-3.4% YoY; 4% below the consensus of W2.79tr), moving beyond the period of tariff-driven earnings deterioration that began in 1Q25.</li><li>The impact of tariffs was likely limited (similar to the 2Q25 level), while wholesale volume likely increased by 4.5% YoY, remaining resilient despite domestic production disruptions and weaker sales in the Middle East. </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>

Kia Corp. (Kia) is scheduled to announce its 2Q26 results on Jul. 24.We expect the company to deliver solid results, with revenue of W32.2tr (+9.9% YoY; in line with the consensus of W32.2tr) and operating profit of W2.67tr (-3.4% YoY; 4% below the consensus of W2.79tr), moving beyond the period of tariff-driven earnings deterioration that began in 1Q25.The impact of tariffs was likely limited (similar to the 2Q25 level), while wholesale volume likely increased by 4.5% YoY, remaining resilient despite domestic production disruptions and weaker sales in the Middle East. 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.

Kia Corp. (000270 KS/Buy)2Q26 Preview: Solid Earnings and Strong XEV Competitiveness