DS Investment Securities raised its target price for Hyundai Motor stocks from 740,000 won to 840,000 won on July 9 morning, citing robotics business advancement. Hanwha Investment Securities maintained APR's target at 500,000 won while Mirae Asset Securities lowered OCI Holdings' target from 400,000 won to 320,000 won. The adjustments reflect Hyundai Motor's Google collaboration in robotics, APR's 267.4% year-over-year US Q2 sales growth, and US trade policy delays affecting OCI Holdings. South Korean brokerages issued the reports as part of morning stock coverage focusing on technology, consumer goods, and materials sectors.
DS Investment Securities Raises Hyundai Motor Stocks Target to 840,000 Won
DS Investment Securities raised Hyundai Motor's target price from 740,000 won to 840,000 won, a 13.5% increase, while maintaining a buy rating. The previous closing price was 462,500 won. Analyst Choi Tae-yong stated the price driver is robotics, noting the company entered a full-scale advancement stage in robotics business. Choi said Hyundai Motor Group is one of the few operators that can secure diverse and extensive field data among robotics competitors, starting with the Robot Meta Plant Application Center (RMAC) where the data flywheel began full operation.
The analyst identified Google collaboration as a core trigger to narrow the technological gap. Choi explained the partnership has potential to close the Vision-Language-Action (VLA) gap with Tesla through world models, as smart glasses enable cheap and easy acquisition of first-person videos for pre-training. According to the report, only a very small number of companies have built such a data pipeline. Choi described this data infrastructure as giving Hyundai Motor a competitive advantage in robotics development.
Robotics refers to the entire technology of designing and creating robots to move and work autonomously, from industrial robots assembling products in factories to humanoids that walk and move objects like humans. Data flywheel describes a virtuous cycle where deploying robots in the field accumulates data, which makes robots smarter and work better, leading to further deployment. Data pipeline refers to the series of processes that collect, organize, and process data used to train robots or AI, such as a system that automatically gathers videos shot with smart glasses and converts them into robot learning data.
Hanwha Investment Securities Maintains APR Stocks Target at 500,000 Won
Hanwha Investment Securities maintained APR's target price at 500,000 won with a buy rating, focusing on explosive overseas sales growth centered on the US and Europe. The previous closing price was 385,500 won. Analyst Han Yu-jung estimated APR's Q2 US sales at 353.4 billion won, up 267.4% year-over-year. Hanwha Investment Securities attributed this to continued strong sales on Amazon and TikTok, plus smooth expansion into offline channels including Target and Walmart.
Han stated APR will set new record operating profit every quarter. The analyst noted that while short-term growth rate concerns may emerge in Q3, cumulative expansion results from the first half will elevate absolute sales levels by one tier in Q4, which is the seasonal peak period. According to the report, APR is expected to deliver earnings surprises exceeding market expectations in Q2.
Mirae Asset Securities Lowers OCI Holdings Stocks Target to 320,000 Won
Mirae Asset Securities lowered OCI Holdings' target price from 400,000 won to 320,000 won, a 20.0% decrease, while maintaining a buy rating and designating it as the top pick for the second half. The previous closing price was 180,500 won. Analyst Lee Jin-ho explained the downward adjustment reflects delays in US policy announcements, leading to conservative adjustments in 2026 polysilicon selling price and sales volume assumptions.
Lee stated the company's fundamentals and competitiveness remain solid despite the recent market correction and lowered stock price, maintaining the second-half top pick opinion within coverage. The analyst noted sales volume was somewhat sluggish as customers postponed purchases until policy results are confirmed, but the impact will be offset by power asset sale proceeds and expanded earnings contribution from OCI. Lee described Section 232 and polysilicon capacity expansion plans as triggers not yet pulled, expected to act as catalysts for stock price recovery. The analyst projected the White House's final announcement in early August will serve as a clear momentum to enhance non-Chinese polysilicon price competitiveness.
US Trade Expansion Act Section 232 is a law allowing the president to urgently restrict imports by executive authority when foreign imported products are deemed a threat to US national security. Enacted in 1962, it remained virtually dormant with only about two actual applications in 50 years, but has been utilized as a protectionist trade tool since President Donald Trump took office.
FAQ
What did DS Investment Securities do to Hyundai Motor stocks target price on July 9 morning?
DS Investment Securities raised Hyundai Motor's target price from 740,000 won to 840,000 won, a 13.5% increase, while maintaining a buy rating. Analyst Choi Tae-yong cited the company's advancement into robotics business and collaboration with Google as key factors.
Why did APR's US sales grow 267.4% year-over-year in Q2?
Hanwha Investment Securities estimated APR's Q2 US sales grew 267.4% to 353.4 billion won due to continued strong sales on Amazon and TikTok, plus smooth expansion into offline channels including Target and Walmart.
How did US policy delays affect OCI Holdings stocks target price?
Mirae Asset Securities lowered OCI Holdings' target price from 400,000 won to 320,000 won due to delays in US Trade Expansion Act Section 232 announcements, which led to conservative adjustments in 2026 polysilicon selling price and sales volume assumptions.
