South Korea’s top tire makers, Hankook Tire & Technology and Nexen Tire, posted earnings in line with or below expectations, but market optimism is rising on improved cost structures, overseas expansion, and growing EV tire sales, prompting analysts to raise target prices and anticipate a valuation re-rating.
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Tire Makers See Upward Revaluation Signals Despite Meeting Modest Earnings Expectations

South Korea’s top tire makers, Hankook Tire & Technology and Nexen Tire, posted earnings in line with or below expectations, but market optimism is rising on improved cost structures, overseas expansion, and growing EV tire sales, prompting analysts to raise target prices and anticipate a valuation re-rating.

Yonhap Infomax

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