Hyundai Steel, Institutional Investors Net Buy 1,061,081 Shares in Last 5 Days... Stock Price 29,750 KRW (-2.78%)

As of 12:30 PM on the 20th, Hyundai Steel is trading at 29,750 KRW, down 2.78% from the previous day. The trading volume is 1,300,712 shares, which is about 44.12% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On October 19, Kim Misong, an analyst at Cape Investment & Securities, stated, "Despite a 22% increase in the stock price over the past month reflecting expectations for hydrogen-related businesses, the stock is still considered undervalued. This is because profitability is expected to improve significantly from 2021 due to the restructuring effects of low-profit business units and sales strategies responding to decreased demand in the long products business. The target PBR of 0.3 times is deemed achievable." He set Hyundai Steel's target price at 38,000 KRW.

Over the past five days, individual investors have net sold 594,807 shares of Hyundai Steel, while foreigners and institutions have net sold 434,445 shares and net bought 1,061,081 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.