Kia Motors is trading at 52,100 KRW as of 9:30 AM on the 30th, down 1.7% from the previous day. The trading volume is 356,158 shares, which is about 11.11% of the previous day's volume. Kia Motors is known as one of the top 10 global automobile manufacturers.
On October 27, Kiwoom Securities researcher Minseon Kim forecasted a stepwise recovery in global demand after the fourth quarter, especially considering the base effect of industrial demand due to Covid-19 this year, expecting the recovery trend to continue into next year. The strong domestic sales, along with the golden cycle of new car launches in major regions such as the U.S., India, and Europe (e.g., U.S. Sorento in November, Carnival in 1H21), will maximize the effect. Price increases, mix improvements (between models and trims), higher option adoption rates, and a virtuous cycle of declining incentives are expected to continue. Accordingly, the target price for Kia Motors was set at 76,000 KRW.
Over the past five days, individual investors have net sold 3,968,593 shares of Kia Motors, while foreign investors and institutions have net sold 73,601 shares and net bought 4,070,501 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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