HMM, Stock Price +0.8% at This Hour... Individual Investors Net Buy 1,813,857 Shares in Last 5 Days

As of 10:30 AM on the 20th, HMM is trading at 12,650 KRW, up 0.8% from the previous day. The trading volume is 6,442,344 shares, which is 55.24% of the previous day's volume. HMM is known as a company engaged in the shipping business.

On November 17, Minjin Bang, a researcher at Eugene Investment & Securities, stated, "The background is the freight rate reflected in container sales. The average SCFI in the third quarter was 1,191, which is 53.2% higher than the same period last year, driven by the Americas route, which accounts for more than 40% of the company's sales. However, the company's actual average freight rate increased by only 26.3% compared to the same period last year. This discrepancy is believed to be due to long-term contract (SC) freight rates. More than 50% of the company's sales are from SC contracts, and when the contracts were signed in April this year, such a favorable market condition was not anticipated, so the contracts were made at last year's level. However, next year's SC contracts are expected to reflect the current market conditions." He set HMM's target price at 17,000 KRW.

Over the past five days, individual investors have net purchased 1,813,857 shares of HMM, while foreigners and institutions have net sold 120,087 shares and 1,487,767 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.