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>For 4Q25, we expect Hyundai Glovis to post revenue of W7.56tr (+3.7% YoY). Distribution revenue likely increased 4.9% YoY on favorable FX effects, and the shipping division likely returned to YoY growth (+1.9%), supported by the normalization of production at a Chinese automotive OEM customer.</li><li>Meanwhile, due to weakness in forwarding, we estimate logistics revenue growth was relatively muted at +3.2% YoY.</li><li>We estimate operating profit rose 15.7% YoY to W531.7bn, broadly in line with the consensus (W536.3bn). </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 4Q25, we expect Hyundai Glovis to post revenue of W7.56tr (+3.7% YoY). Distribution revenue likely increased 4.9% YoY on favorable FX effects, and the shipping division likely returned to YoY growth (+1.9%), supported by the normalization of production at a Chinese automotive OEM customer.Meanwhile, due to weakness in forwarding, we estimate logistics revenue growth was relatively muted at +3.2% YoY.We estimate operating profit rose 15.7% YoY to W531.7bn, broadly in line with the consensus (W536.3bn). 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.

현대 글로비스(086280 KS/매입) 프리미엄 평가 단계 진입