Provided by Yonhap News
Among domestic listed companies, HD Hyundai Electric had the highest upward adjustment in target price this year. It was followed by Hanmi Semiconductor and Regional Heating Company.According to industry sources on the 6th, among 281 listed companies for which target prices were presented by three or more securities firms, the stock that showed the highest increase in target price compared to the end of last year was HD Hyundai Electric.
As of the 2nd, HD Hyundai Electric’s target price was raised by 184.8% from 103,917 won at the end of last year to 295,900 won. The improvement in performance expectations was attributed to the anticipation of increased demand for electrical equipment due to the establishment of a new semiconductor factory and the increase in AI data centers in the artificial intelligence (AI) semiconductor trend.
In the securities industry, it is believed that strong sales of power transformers in the North American market continue, and there is a sustained momentum for additional U.S. electricity demand expansion, including inquiries for data center deliveries from big tech companies.
The second highest target price increase was for Hanmi Semiconductor. Hanmi Semiconductor’s target price rose by 184.4% from 75,000 won at the end of last year to 213,333 won on the basis of expectations for improved performance following the recovery of the semiconductor market.
Third place went to the Regional Heating Company, which rose by 92.0% from 33,333 won to 64,000 won over the same period. Following them were LS Eco Energy (83.1%), Hangul & Computer (77.6%), LS Electric (71.1%), and Hanwha Aerospace (61.6%).
Conversely, the stock with the biggest decrease in target price over the same period was Hyosung Chemical. Hyosung Chemical’s target price fell by 32.4% from 123,333 won at the end of last year to 83,333 won on the 2nd. JYP Entertainment (-32.1%), F&F (-30.8%), Pearl Abyss (-30.7%), and Hanwha Solutions (-28.8%) followed suit.