As of 2:30 PM on the 22nd, Hyundai Steel is trading at 31,800 KRW, up 1.76% from the previous day. The trading volume is 1,778,945 shares, which is 125.51% 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 restructuring effects in low-profit business sectors and sales strategies responding to demand decline 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 635,041 shares of Hyundai Steel, while foreigners and institutions have net sold 101,099 shares and net bought 677,822 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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