HiteJinro stock: KB Securities cuts target for HiteJinro stock to KRW 22,000

Published on 10/23/2026 at 04:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kirin output is targeted at 1.50 million liters by December 31, 2026. KB Securities cut the target for HiteJinro stock from KRW 25,000 to KRW 22,000.

Kirin strategy and valuation

KB Securities cut its HiteJinro target from KRW 25,000 to KRW 22,000 on October 1, 2026.
Second-quarter revenue reached KRW 618.6 billion and net income reached KRW 40.67 billion.
HiteJinro's next earnings report is scheduled for November 12, 2026.

HiteJinro, KR7000080002, Illustration mit AI erstellt.

HiteJinro (KR7000080002) faces a lower analyst target of KRW 22,000 after KB Securities cut its previous KRW 25,000 target on October 1, 2026, according to The Asia Business Daily. The broker kept its Buy rating while pointing to weaker beer sales and a prolonged industry slump.

Three dated signals shape the stock

On August 7, 2026, HiteJinro reported second-quarter revenue of KRW 618.6 billion and net income of KRW 40.67 billion, with earnings per share of KRW 584.90, according to Investing.com. On October 1, 2026, KB Securities reduced its 2026 revenue estimate to KRW 2.465 trillion from KRW 2.591 trillion and its operating profit estimate to KRW 172 billion from KRW 215 billion, according to The Asia Business Daily. On October 12, 2026, HiteJinro began local production of Kirin Ichiban Shibori with an initial target of 1.50 million liters, according to ChosunBiz.

What does Kirin production change?

The production plan gives HiteJinro a measurable utilization lever. The Jeonju plant operated at 57.70 percent in the first half of 2026, down from 58.30 percent in 2025 and 67.00 percent in 2024, while the company expects domestic production to reduce distribution time from one and a half months to one or two weeks, ChosunBiz reported on October 12, 2026. HiteJinro plans to produce 75.00 percent of Korean Kirin sales domestically by 2027. Existing equipment will be used, which keeps the immediate investment requirement limited.

Dates and market context

The next substantiated date is November 12, 2026, when HiteJinro is scheduled to report earnings, according to Investing.com. That report will test whether soju growth can offset the beer weakness cited in the October target cut. The same analyst note forecast third-quarter revenue of KRW 668.5 billion and operating profit of KRW 58.4 billion.

Stock level and investor watchpoints

HiteJinro stood at KRW 15,850 on the Korea Exchange on October 23, 2026 at 10:38 a.m. KST. The quoted 52-week range was KRW 13,830 to KRW 19,300 on October 22, 2026, while market capitalization was KRW 1.1 trillion. The market will weigh the KRW 22,000 target against the operating data and the pace of Kirin production.