Hyundai Mobis: A Turnaround Story With Strong Outperformance in the Past Three Months

• Hyundai Mobis (012330 KS) is a strong turnaround story and it has sharply outperformed KOSPI and other major Hyundai Motor Group stocks in the past three months.

• In this insight, we discuss three major reasons why are remain positive on Hyundai Mobis.

• The combined value of Hyundai Mobis' 21.9% stake in Hyundai Motor and stakes in other companies is worth 16.7 trillion won, which represents 73% of Hyundai Mobis' current market cap.