Hyundai Mobis earnings seen pressured by stronger won
Nomura’s Angela Hong says Hyundai Mobis earnings could be dragged lower by a stronger won, citing sensitivity to won appreciation versus the dollar given overseas export exposure of aftermarket parts sourced in Korea.
Hyundai Mobis' earnings could come under pressure from a stronger won, Nomura's Angela Hong said. The South Korean auto-component supplier remains sensitive to appreciation in the won against the dollar because a substantial portion of its aftermarket parts is sourced in Korea and exported globally, the…