Kia Motors is trading at 58,800 KRW as of 2:30 PM on the 23rd, up 1.2% from the previous day. The trading volume is 1,490,826 shares, which is about 79.04% of the previous day's volume. Kia Motors is known as one of the top 10 global automobile manufacturers.
On November 18, Junseong Kim, a researcher at Meritz Securities, stated, "2021 will benefit from the launch effects of the Sportage, Carnival, and Sorento, with new car sales expected to expand to 60% of total sales. This is the second highest level ever, following 62% in 2011, and the ongoing improvement in operating indicators is expected to strengthen further. The option adoption rate for newly launched models is currently 2-3 times higher compared to existing models. Through increased profitability contribution from option-adopted models, Kia Motors has achieved market-beating performance for four consecutive quarters." He set the target price for Kia Motors at 80,000 KRW.
Over the past five days, individual investors have net purchased 2,216,799 shares of Kia Motors, while foreign investors and institutions have net sold 2,042,405 shares and 182,438 shares, respectively.
※Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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