[Click eStock] "Hyundai Motor, Record Highest Sales in Q2... Focus on Remaining Events in Second Half"

Yuanta Securities mentioned on the 26th that Hyundai Motor achieved record-high sales in the second quarter and emphasized the need to focus on the remaining events in the second half of the year. They maintained a 'Buy' investment rating and a target price of 350,000 KRW.

Researcher Lee Hyun-soo of Yuanta Securities stated, "The increase in hybrid vehicle sales and changes in demand within eco-friendly cars had a positive effect on profitability," adding, "Following last year, the company is proving solid performance again this year."

Lee also referred to upcoming events in the second half of the year. He said, "At next month's CEO Investor Day, it is expected that announcements related to short- and mid-to-long-term shareholder value enhancement will be made," and forecasted, "They will also discuss responses to the global slowdown in electric vehicle sales and political changes in key markets such as the United States."