Brokerages issue bullish outlooks for Doosan and Hyundai Glovis

  • Hana Securities maintained a Buy rating on Doosan, while Daishin Securities initiated a Buy rating on Hyundai Glovis.
  • Doosan’s third-quarter electronic BG sales and operating profit are forecast at 765.9 billion won and 224.3 billion won, respectively.
  • Hyundai Glovis plans to raise fixed-fleet exposure from 47% to 67% by 2029 as PCTC and High & Heavy demand improves.

Hana Securities maintained a Buy rating and 2.42 million-won target price for Doosan as AI-related copper-clad laminate demand supports electronic BG growth and planned capacity expansion. Separately, Daishin Securities initiated a Buy rating on Hyundai Glovis with a 320,000-won target, citing higher PCTC freight rates, rising Chinese vehicle exports and stronger High & Heavy cargo demand. Hana forecasts Doosan’s third-quarter electronic BG sales at 765.9 billion won and operating profit at 224.3 billion won, while Daishin estimates Hyundai Glovis’s annual revenue at 34.76 trillion won and operating profit at 2.232 trillion won.

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Brokerages issue bullish outlooks for Doosan and Hyundai Glovis - CoinPost Terminal