As of 9:30 AM on the 30th, Hyundai Motor Company is trading at 169,000 KRW, down 0.59% from the previous day. The trading volume is 152,971 shares, which is about 10.43% of the previous day's volume. Hyundai Motor is known as the number one automobile manufacturer in South Korea.


On October 27, Yu Ji-woong, a researcher at Ebest Investment & Securities, stated, "The company's profit improvement cycle is still in its early stages, particularly due to the successful standardization of third-generation platform parts and a significant reduction in inventory levels. Based on this, in the U.S., the profit improvement effect is expected to be quite clear until the first half of 2021, not only from the existing Palisade effect but also with the introduction of the new Tucson. Afterwards, follow-up strategies such as increased Genesis volume and expanded market share in China are expected to become effective and act as additional profit momentum." He set Hyundai Motor's target price at 240,000 KRW.


Over the past five days, individual investors have net sold 518,594 shares of Hyundai Motor, while foreign investors and institutions have net bought 107,095 shares and 329,156 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.

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