HMM, KR7011200003

HMM stock weighs Q2 growth against a weaker fourth quarter

Published on 10/07/2026 at 00:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

At KRW 21,450 on October 6, HMM stock stood 14.0 percent below its 52-week high. NH Investment kept its target at KRW 22,000 on October 2.

HMM, KR7011200003, Illustration mit AI erstellt.

HMM (KR7011200003) was last at KRW 21,450 on the Korea Exchange on October 6, 2026, down 0.23 percent from the prior close. The company enters the next earnings phase after Q2 revenue rose 29.7 percent year over year to KRW 3.40 trillion, according to ATS View. The key tension is clear: stronger freight rates support the near-term result, while the market still weighs the durability of that improvement.

Q2 revenue sets a higher base

HMM's Q2 2026 operating profit reached KRW 354 billion, with an operating margin of 10.4 percent, while net income was KRW 411 billion. The revenue increase and profit expansion give the stock a stronger earnings base than the first quarter, when revenue was KRW 2.72 trillion and operating profit was KRW 269 billion, figures compiled from DART filings by ATS View.

The comparison matters because Q1 revenue fell 4.8 percent year over year, whereas Q2 delivered 29.7 percent growth. HMM therefore moved from a weak opening quarter to a materially stronger operating quarter, although the business remains exposed to freight-rate cycles.

Analyst sees a sharp Q3

On October 2, NH Investment & Securities kept its Hold rating and KRW 22,000 price target, according to Newspim. The report projected Q3 revenue of KRW 4.07 trillion, up 50.2 percent year over year, and operating profit of KRW 939.5 billion, up 216.5 percent.

The projected operating profit was 42 percent above the cited market consensus. NH Investment linked the improvement to higher freight rates, but also described the rate strength as driven more by supply disruption than by a broad increase in global cargo volumes.

Freight rates meet a valuation test

That distinction is important for HMM stock because a temporary supply squeeze can lift quarterly earnings without creating the same uplift in long-term cash generation. The analyst report also called for shareholder-return measures such as quarterly dividends or share repurchases as a condition for a broader valuation reassessment.

Investing.com lists November 5, 2026, as HMM's next earnings-report date, providing the next scheduled checkpoint for the Q3 outlook. The date is reported on its HMM earnings calendar at Investing.com.

HMM stock stays below its yearly high

At KRW 21,450 on October 6, HMM stock was 14.0 percent below its 52-week high of KRW 24,950 and KRW 3,540 above its 52-week low of KRW 17,910. Trading volume was 782,753 shares, while market capitalization stood at KRW 20.2 trillion.