[Featured Stock] Hyundai Glovis Hits 52-Week High on Shareholder Returns and Profitability Improvement Expectations

The stock price of Hyundai Glovis is on the rise. Expectations for enhanced shareholder return policies and improved profitability appear to be influencing the stock price.

At 9:54 AM on the 1st, Hyundai Glovis was trading at 245,000 KRW, up 12.10% compared to the previous trading day. During the session, it rose to 248,000 KRW, marking a 52-week high.

Last month, Hyundai Glovis announced its 2030 growth strategy, financial targets, and shareholder return policy at the CEO Investor Day. Kim Young-ho, a researcher at Samsung Securities, noted, "The most impressive part is the strengthening of the shareholder return policy," adding, "They announced a plan for a stock dividend of one common share per one share held, and promised to increase the annual dividend per share (DPS) by at least 5% and maintain a dividend payout ratio of at least 25%."

Kim further stated, "Under the new dividend policy, the DPS is expected to surpass 12,000 KRW by 2027, which would be double last year's total dividend amount of approximately 240 billion KRW. Based on the dividend payout ratio, net profit is estimated to reach about 2 trillion KRW," adding, "There is also optimism about renewing long-term transportation contracts with major customers at the end of the year, supported by performance forecasts reflecting rapid profitability improvement."