As of 1:30 PM on the 25th, Hyundai Motor Company is trading at 170,500 KRW, down 0.58% from the previous day. The trading volume is 1,702,321 shares, which is about 60.94% of the previous day's volume. Hyundai Motor is known as the number one automobile manufacturer in South Korea.
On September 24, researcher Kim Gwi-yeon from Heungkuk Securities stated, "Despite the global industrial downturn caused by COVID-19, we expect earnings to rise due to 1) a domestic market-focused profit structure, 2) the effect of new car launches, and 3) margin improvements from increased Genesis sales. It is expected that both price and quantity (P/Q) will rise due to expanded domestic sales volume and increased sales of high-margin products. With the launch of the Genesis G/GV80 in the U.S. in the second half of the year, as well as the launch of the Kona/Tucson in Europe, new car launches focused on developed countries will continue, and Hyundai Motor's strong performance is expected to last until 2021." He set Hyundai Motor's target price at 250,000 KRW.
Over the past five days, individual investors have net purchased 1,583,671 shares of Hyundai Motor, while foreigners and institutions have net sold 996,795 shares and 644,081 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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