[Featured Stock] 'Stable Performance' Hyundai Corporation Up 4.42%

Hyundai Corporation's stock price is on the rise as its third-quarter earnings this year are expected to meet market expectations.

As of 9:50 AM on the 25th, Hyundai Corporation was trading at 18,920 KRW, up 800 KRW (4.42%) from the previous trading day.

On the same day, Hana Securities maintained a buy rating and a target price of 33,000 KRW for Hyundai Corporation. Researcher Yoo Jae-seon of Hana Securities said, "Although there is high volatility in macroeconomic indicators such as exchange rates, operating performance continues to show a stable trend," adding, "A slight decrease compared to the record high profit of the last quarter is expected due to seasonal factors, but profits are maintained at a high level compared to the past."

The operating profit margin, which remained in the low 1% range until 2022, improved to 1.5% last year and is currently in a position to rise to around 2%. Researcher Yoo said, "With stable profit-generating capability, the company has built profit strength capable of achieving annual net profits in the 100 billion KRW range," and added, "Approximately 30 billion KRW in capital gains from the sale of real estate funds previously invested, which are being replaced by REITs, are expected to be recognized this quarter. Therefore, the pace of financial structure improvement this year is expected to be quite rapid."