HMM, Stock Price +5.83% at This Hour... Institutional Investors Net Buy 3,098,943 Shares in Last 5 Days

As of 1:30 PM on the 5th, HMM is trading at 9,990 KRW, up 5.83% from the previous day. The trading volume is 11,635,523 shares, which is 91.16% of the previous day's volume. HMM is known as a shipping business operator.

On November 2nd, Yang Ji-hwan, a researcher at Daishin Securities, stated: "- The 2020 container ship market conditions are 1) supply reduction (increase in idle ships), 2) increase in cargo volume, leading to a rapid turnaround starting from the third quarter. - Due to COVID-19, service spending decreased while consumption of goods increased, resulting in year-on-year growth from July on the US route and from August on the Europe route. A shortage of air cargo supply also had an impact. - The 2021 container supply-demand balance is expected to show a 3% supply shortage, leading to strong freight rates. - Differences from 2010 include 1) Top 3 carriers joining alliances, 2) absence of order books from top-tier players who led the chicken game in 2010, 3) order backlog at only 51.2% of that time, and 4) a decrease in market players." He set HMM's target price at 13,000 KRW.

Over the past five days, individual investors have net sold 154,102 shares of HMM, while foreigners and institutions have net sold 2,164,511 shares and net bought 3,098,943 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

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

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