Kia Motors, 3.91 Million Shares Sold Net by Individuals Over Last 5 Days... Stock Price at 52,000 Won (-3.35%)
Kia Motors is trading at 52,000 KRW as of 10:30 AM on the 29th, down 3.35% from the previous day. The trading volume is 1,318,237 shares, which is about 37.7% of the previous day's volume. Kia Motors is known as one of the top 10 global automobile manufacturers.
On October 27, Hanwha Investment & Securities researchers Dongha Kim and Junho Park reported, "Sales and operating profit (adjusted) exceeded our estimates by 5.7% (876.6 billion KRW) and 92.4% (580 billion KRW), respectively. This is believed to be due to ① increased sales of high value-added products (higher adoption rates of models, trims, and options), ② reduced incentives and a decline in fleet sales proportion, and ③ differences in provisions compared to estimates. Considering the strengthening of profit capacity due to entering a new car golden cycle, there is a factor for upward revision of earnings estimates," and set Kia Motors’ target price at 61,000 KRW.
Over the past five days, individual investors have net sold 3,911,627 shares of Kia Motors, while foreign investors and institutions have net bought 544,213 shares and 3,409,261 shares, respectively.
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※ 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.
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