SK Innovation: Broker roundup includes forecast of record operating profit on high oil prices
5On 22, here is a roundup of brokerage reports. SK Innovation expects record operating profit this year, driven by high oil prices and its LNG power generation business, and its target price was raised to 19 ten-thousand won. Reports forecast a rebound in Hyundai Mobis’s results next year, benefiting from the shift to physical AI, and in Korean Air’s results, thanks to merger effects despite near-term fuel cost pressures.
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5On 22 morning, reports from major brokerages were released. This roundup contains only information from reports on SK Innovation, Hyundai Mobis, and Korean Air. The content is summarized based on the original reports.
Yuanta Securities analyzed that SK Innovation is expected to post record operating profit this year, thanks to favorable refining conditions triggered by the war in Iran and the effects of its LNG power generation business. The report said high oil prices are boosting profits in the refining division. It also said the LNG power generation business is providing an additional source of revenue.
Yuanta Securities set a target price for SK Innovation at 19 ten-thousand won. The report states that the target price was raised by 11.8%. The report maintained its Buy recommendation.
The previous day's closing price was 11ten thousand8800 won. The report lists researcher Hwang Gyu-won as the person in charge. The original report identified the figures and views as analysis by Yuanta Securities.
Hyundai Mobis was seen as a beneficiary of the Hyundai Motor Group's transition to physical AI. The report said it would benefit substantially from supplying autonomous-driving components and key humanoid components. Some securities firms raised Hyundai Mobis's price target by 50 percent.
Korean Air was assessed as facing fuel-cost pressures in the short term. The report said passenger demand had not disappeared but had been postponed. It forecast that earnings would rebound from next year, with the added effects of the Asiana Airlines merger.
Sources: 파이낸셜뉴스 증권
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.