As of 10:30 AM on the 26th, Hyundai Motor Company is trading at 165,000 KRW, down 0.6% from the previous day. The trading volume is 1,272,205 shares, which is about 38.82% of the previous day's volume. Hyundai Motor is known as the number one automaker in South Korea.


On August 25th, Min Kyung Kim, a researcher at Mirae Asset Daewoo, stated, "Domestic: Sales of highly profitable Genesis models are expected to significantly exceed previous forecasts. Overseas: The U.S. market is promising; Genesis is key to enhancing brand value, and Elantra is central to profit improvement. Sales of models applying the 3rd generation platform are increasing, leading to higher cost reduction effects. The high valuations of Tesla and Nikola justify the need to re-evaluate Hyundai Motor. Electric Vehicles: In 2021, the only companies able to expand sales with EV-dedicated platforms are VW and Hyundai Motor. Hydrogen Vehicles: Already holding the global number one position, sales continue to increase." She set Hyundai Motor's target price at 210,000 KRW.


Over the past five days, individual investors have net purchased 439,699 shares of Hyundai Motor, while foreign investors and institutions have net sold 794,072 shares and net purchased 341,005 shares, respectively.



※ Source: AI Investment Assistant AI Rassiro


※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing