As of 2:31 PM on the 19th, Hyundai Steel is trading at 30,950 KRW, up 0.32% from the previous day. The trading volume is 2,666,290 shares, which is 50.73% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.
On October 19, Kim Misong, a researcher at Cape Investment & Securities, stated, "Despite a 22% increase in the stock price over the past month reflecting expectations for hydrogen-related businesses, the stock is still considered undervalued. This is because profitability is expected to improve significantly from 2021 due to the restructuring effects of low-profit business divisions and sales strategies responding to decreased demand in the long products business. The target PBR of 0.3 times is deemed achievable." He set Hyundai Steel's target price at 38,000 KRW.
Over the past five days, individual investors have net sold 682,111 shares of Hyundai Steel, while foreigners and institutions have net sold 420,424 shares and net bought 1,025,111 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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