Hyundai Rotem's stock price is on the rise. It appears that buying momentum surged as the third-quarter operating profit exceeded market expectations.
As of 9:36 AM on the 29th, Hyundai Rotem is trading at 66,900 KRW, up 5.19% from the previous day.
In the third quarter of this year, Hyundai Rotem recorded sales of 1.0935 trillion KRW and an operating profit of 137.4 billion KRW. These figures represent increases of 18.0% and 233.9%, respectively, compared to the same period last year.
Researcher Ahn Yudong of Kyobo Securities stated, "It is estimated that the remaining 96 units of the first batch of Poland K2, scheduled for delivery next year, are slightly reflected based on progress rates in the third quarter. Although deliveries are expected to begin in 2026, sales from the Poland K2 2-1 batch and the K2 4th mass production batch are reflected based on progress rates, so significant performance growth is anticipated." He added, "Currently, the domestic factory production capacity (CAPA) is estimated to be around 100 to 120 units, but since some of the Poland second batch will be produced locally, the K2 4th mass production volume can also be absorbed quickly."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
![[Featured Stock] Hyundai Rotem Rises on Strong Q3 Performance](https://cphoto.asiae.co.kr/listimglink/1/2024072208164559128_1721603806.jpg)

