Sejong Industrial is showing strong performance. This is interpreted as being influenced by the analysis that Hyundai Motor and Kia will achieve favorable results as their North American sales proportion increases in the second quarter of this year.
As of 10:12 AM on the 30th, Sejong Industrial is trading at 9,290 KRW, up 7.4% compared to the previous day.
On the same day, Daishin Securities forecasted strong second-quarter earnings for Hyundai Motor and Kia, raising their target prices from 280,000 KRW to 300,000 KRW and from 140,000 KRW to 155,000 KRW, respectively.
Researcher Kim Gui-yeon stated, "In the case of Hyundai Motor, the trend of expanding the proportion of North American sales is expected to continue," and projected second-quarter sales to increase by 16% year-on-year to approximately 41 trillion KRW, exceeding consensus by 11%.
Regarding Kia, he also noted, "The proportion of U.S. sales is expanding, showing solid external growth," and predicted, "Operating profit for the second quarter of this year will be about 3.4 trillion KRW, exceeding consensus by 16%, demonstrating strong performance for six consecutive quarters."
Sejong Industrial primarily operates in the production and sales of automotive exhaust system parts. Its main products include automotive mufflers, exhaust gas purifiers, and other automotive parts. Major customers are Hyundai and Kia, and applying Hyundai Motor's domestic market share supply proportion, it secures about a 27% market share.
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