As of 12:30 PM on the 19th, Hyundai Motor Company is trading at 258,500 KRW, up 7.26% from the previous day. The trading volume is 3,440,473 shares, which is 102.67% of the previous day's volume. Hyundai Motor is known as the number one automobile manufacturer in South Korea.
On January 19, Jaeil Lee, a researcher at Eugene Investment & Securities, stated, "Global new car demand is expected to show significant improvement this year due to the base effect from 2020, and the burden of replenishing sales will also decrease due to the prior reflection of large-scale recall costs. Demand improvement in major advanced countries is expected to become more apparent. The business structure is accelerating its shift toward future vehicles. The company's hydrogen vehicle business has expanded its scope into a platform business based on hydrogen fuel cell technology, and aggressive new electric vehicle launches will continue starting with the release of the Ioniq 5." He set Hyundai Motor's target price at 325,000 KRW.
Over the past five days, individual investors have net purchased 1,607,276 shares of Hyundai Motor, while foreign investors and institutions have net sold 159,675 shares and 1,426,941 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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