[Featured Stock] Hyundai Glovis Hits 52-Week High on Expectations for Shareholder Return Policy Announcement

The stock price of Hyundai Glovis is on the rise. Expectations for the announcement of the shareholder return policy ahead of the CEO Investor Day on the 28th appear to be influencing the stock price.

As of 9:18 AM on the 20th, Hyundai Glovis is trading at 218,500 KRW, up 2.10% from the previous day. During the session, it rose to 224,000 KRW, marking a 52-week high.

Yang Ji-hwan, a researcher at Daishin Securities, stated, "We expect announcements regarding mid- to long-term business strategies, financial targets, and shareholder return policies through the Investor Day. Although the stock price has risen sharply in a short period recently, the current price-to-earnings ratio (PER) and price-to-book ratio (PBR) indicate undervaluation, suggesting ample room for further gains."

Additionally, Researcher Yang forecasted that the second-quarter earnings will slightly exceed market expectations. He added, "The average exchange rate in Q2 was 1,369 KRW, about 3% higher than the previous quarter, which likely had a positive impact on the profitability of the CKD division. Furthermore, container freight rates based on the Shanghai Containerized Freight Index (SCFI) rose 18.2% compared to the previous quarter, which is expected to boost forwarding sales."