"4.2 Million Flock to BTS World Tour" Hybe Target Price Raised from KRW 370,000 to KRW 450,000... Hyundai E&C Re-rated as Global Nuclear Power Stock [Jutopia]

[The Financial News] On the morning of January 14, here is a summary of key reports from major securities firms.
Hybe Corporation’s target price has been raised to KRW 420,000 on expectations that the BTS world tour will draw about 4.5 million attendees. Hyundai Engineering and Construction Co., Ltd. is expected to win up to KRW 24 trillion worth of new nuclear power plant projects in North America and is being re-rated as a global nuclear power stock. HL Mando Corporation confirmed strong demand for humanoid actuators at the Consumer Electronics Show (CES), leading to an 86% upward revision in its target price.
◆Hybe Corporation (352820)― IBK Securities Co., Ltd. / Analyst Kim Yuhyuk
- Target price: KRW 420,000 (raised from KRW 370,000)
- Investment opinion: Not provided
IBK Securities Co., Ltd. raised its target price for Hybe Corporation from KRW 370,000 to KRW 420,000, saying that its estimate for BTS world tour attendance significantly exceeds prior expectations. Analyst Kim Yuhyuk projected that the BTS world tour will run from April this year through the first half of 2027, with 79 shows across 35 cities in 23 countries, attracting about 3.5 million attendees in 2026 and roughly 4.5 million over the entire tour. Kim noted that this far surpasses the previous estimate of 3.0–3.5 million attendees and judged that both the average ticket price and sponsorship revenue are highly likely to exceed earlier forecasts.
◆Hyundai Engineering and Construction Co., Ltd. (000720)― NH Investment & Securities Co., Ltd. / Analyst Lee Eun-sang
- Target price: KRW 120,000 (raised from KRW 97,000)
- Investment opinion: Not provided
NH Investment & Securities Co., Ltd. raised its target price for Hyundai Engineering and Construction Co., Ltd. from KRW 97,000 to KRW 120,000, stating that the company is being re-rated as a global nuclear power stock on expectations that it will secure up to KRW 24 trillion in new nuclear power plant projects in North America. Analyst Lee Eun-sang explained that if the four large reactors in the Fermi Matador Project are converted to an engineering, procurement and construction (EPC) contract, it would amount to KRW 14 trillion, and if the company wins four additional units at the Oyster Creek Project, the follow-up to the Palisades SMR-300 FOAK Project, that would add another KRW 10 trillion, creating a new pipeline worth a total of KRW 24 trillion in North America alone.※ Fermi Matador ProjectThis is a project to build the world’s largest integrated energy campus in Amarillo, Texas. It involves constructing four large nuclear reactors to supply power to AI data centers. Hyundai Engineering and Construction Co., Ltd. signed a basic design contract for the project in October 2025.※ Palisades SMR-300 FOAK ProjectThis project involves building two small modular reactors (SMRs) in Michigan, which Hyundai Engineering and Construction Co., Ltd. is pursuing together with U.S. energy company Holtec International. Construction is scheduled to begin at the end of 2025, with the goal of commencing commercial operation in 2030.※ Oyster Creek ProjectThis is a follow-up project to the Palisades SMR-300 FOAK Project and calls for the construction of four additional small modular reactors. It is expected to move forward in earnest if the Palisades SMR-300 FOAK Project is successfully completed.
◆HL Mando Corporation (204320)― KB Securities Co., Ltd. / Analyst Kang Sung-jin
- Target price: KRW 82,000
- Investment opinion: Buy
KB Securities Co., Ltd. raised its target price for HL Mando Corporation to KRW 82,000, reflecting an 86.4% upside from the current share price, saying that it confirmed explosive demand for humanoid actuators at Consumer Electronics Show 2026 (CES 2026). Analyst Kang Sung-jin said that overseas companies met at the CES venue indicated they would need hundreds of thousands of actuators every week and wanted to build a supply chain that excludes China, adding that HL Mando Corporation is well positioned to benefit. Kang explained that HL Mando Corporation has highlighted its experience in mass-supplying products to top-tier automotive customers, its supply of actuators for quadruped walking robots to a leading U.S. robotics company, its motor design and production capabilities, its track record in meeting stringent quality requirements, and its strengths in control software.※ ActuatorAn actuator is a drive device that moves a robot’s joints. It is equivalent to human muscles, and a single humanoid robot, which resembles the human form, requires dozens of actuators.

sms@fnnews.com Seong Min-seo Reporter