Kia Motors is trading at 47,800 KRW as of 12:31 PM on the 18th, down 1.44% from the previous day. The trading volume is 1,431,056 shares, which is about 22.9% of the previous day's volume. Kia Motors is known as one of the top 10 global automobile manufacturers.
On September 17, Jang Moon-su and Jo Jun-woo, researchers at Hyundai Motor Securities, stated, "The stock price rose due to strong performance compared to global competitors, recent momentum from the Korean New Deal and increased sales of eco-friendly vehicles, and confidence in the profitability of eco-friendly cars. However, considering the elevated market valuation and that premiums are applied only to a small group capable of adapting to ongoing changes in the favorable competitive environment, we still believe the stock is undervalued. From the second half of 2020 onward, profitability is expected to continue improving due to mix enhancement from continuous new car launches, market share growth, and volume increase during the global demand recovery post-COVID-19." They set the target price for Kia Motors at 58,000 KRW.
Over the past five days, individual investors have net sold 2,129,769 shares of Kia Motors, while foreign investors and institutions have net bought 792,096 shares and 1,382,570 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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