Kia Motors is trading at 48,500 KRW as of 1:30 PM on the 17th, up 3.74% from the previous day. The trading volume is 5,128,106 shares, which is 120.07% of the previous day's volume. Kia Motors is known as one of the top 10 global automobile manufacturers.


On September 14, Yoo Ji-woong, a researcher at Ebest Investment & Securities, stated, "The company's incentive cost trend has shown a decline for four consecutive months since last May, mainly due to most OEMs reducing supply volumes. However, in the case of the company, the Telluride, which previously had monthly sales of around 4,000 to 5,000 units, has been supplied at over 8,000 units since August with adjusted supply, and from September, the effect of an improved customer profile is expected to spread due to local production of the new Sorento. There is a possibility that U.S. retail sales flow will turn positive from 4Q20." He set Kia Motors' target price at 54,000 KRW.


Over the past five days, individual investors have net sold 1,848,998 shares of Kia Motors, while foreigners and institutions have net bought 805,426 shares and 1,049,613 shares, respectively.



※ Source: AI Investment Assistant AI Rassiro


※ This article was generated in real-time by an automatic 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