Hanon Systems, Institutional Investors Net Sell 1,314,033 Shares in Last 5 Days... Stock Price at 15,150 KRW (-2.26%)

As of 10:30 AM on the 20th, Hanon Systems is trading at 15,150 KRW, down 2.26% from the previous day. The trading volume is 908,049 shares, which is about 6.33% of the previous day's volume. Hanon Systems is known as the leading manufacturer of automotive climate control products in South Korea.

On November 17, Jang Moon-su, a researcher at Hyundai Motor Securities, stated, "Hanon Systems is expected to directly benefit from the strengthening of environmental regulations and the expansion of global green new deal policies, which are driving increased demand for xEVs. In particular, the company has secured most of the climate control contracts not only from the domestic Hyundai Motor Group but also from major EV platforms, demonstrating strong pricing and technological competitiveness. With the supply to VW MEB in the second half of 2020 and the second contract for HMG e-GMP, the momentum for electric vehicle growth continues, and the company is entering the investment recovery phase around 2021-22. Operating profit margins are expected to recover to 8-9% in 2021-22. Considering that a premium is applied to a few companies that can adapt to ongoing market changes (such as energy transformation), Hanon Systems is still judged to be undervalued. The stock price is expected to respond sensitively to trends in xEV-related policies." He set the target price for Hanon Systems at 17,000 KRW.

Over the past five days, individual investors have net purchased 326,936 shares of Hanon Systems, while foreigners and institutions have net purchased 1,036,796 shares and net sold 1,314,033 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.