As of 1:30 PM on the 22nd, Hyundai Motor Company is trading at 180,000 KRW, down 2.7% from the previous day. The trading volume is 2,180,835 shares, which is about 70.68% of the previous day's volume. Hyundai Motor is known as the number one automobile manufacturer in South Korea.
On September 17, Jang Moon-su and Jo Jun-woo, researchers at Hyundai Motor Securities, stated, "We are building a value chain that enables expansion into new businesses in response to the energy transition and changes in the automotive paradigm. In the energy transition phase, the ecosystem expansion using FCEV and BEV is expected to reflect new business value. Despite the worsening business environment due to COVID-19, the 2Q20 profits exceeded expectations, and profit improvement through volume recovery and mix improvement in 2H20 is expected to become more evident. Excluding the value of new businesses, there is high potential for stock price appreciation compared to the current price based solely on profit improvement in existing businesses." They set Hyundai Motor's target price at 250,000 KRW.
Over the past five days, individual investors have net purchased 69,277 shares of Hyundai Motor, while foreign investors and institutions have net sold 218,092 shares and net purchased 176,757 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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