SK Innovation forecast to post record operating profit this year amid high oil prices

Securities reports were 5 month 22 day. SK Innovation was assessed as likely to post record operating profit this year, supported by favorable refining-industry conditions triggered by the Iran war and the effects of its LNG power generation business. Hyundai Mobis was named the biggest beneficiary of orders for autonomous driving components and key humanoid components during Hyundai Motor Group’s transition to physical artificial intelligence. Korean Air was assessed as facing short-term fuel-cost pressure, but passenger demand had not disappeared and had instead been postponed. Korean Air’s earnings were summarized as likely to rebound from next year, with the added effect of its merger with Asiana Airlines.

Hwang Gyu-won, a researcher at Yuanta Securities, forecast that SK Innovation’s refining and power generation businesses would both drive improved earnings. In the same report, Hwang set SK Innovation’s target price at 19 ten thousand won. The report said it had raised the previous target price of 17 ten thousand won. The report summarized that the previous day’s closing price was 118,800 won and the investment rating remained Buy.

A report on Hyundai Mobis said orders for the group’s automotive electronics and robotics-related components would increase amid the transition to physical AI. Reflecting this expectation, the report summarized that Hyundai Mobis’ target price had been raised by 50%. The Korean Air report identified higher fuel costs as a short-term negative, while also assessing that earnings would improve through a recovery in passenger demand and integration synergies. The above is a summary of securities reports.