Hyundai Steel, 793,827 Shares Net Sold by Individuals in Last 5 Days... Stock Price 36,700 KRW (-2.91%)

As of 10:31 AM on the 7th, Hyundai Steel is trading at 36,700 KRW, down 2.91% from the previous day. The trading volume is 1,067,956 shares, which is about 32.58% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On December 4th, Minjin Bang, a researcher at Eugene Investment & Securities, stated, "This year, the company has streamlined low-profit businesses such as thin hot-rolled steel and color-coated steel sheets. Although a one-time factor of approximately 100 billion KRW in impairment losses related to these facilities is expected to be reflected as non-operating expenses this quarter, attention is drawn to the improving operating profit margin trend continuing since Q4 2019. We expect a turnaround to net profit next year due to gradual margin spread improvement and recovery in shipments to finished car manufacturers. Additionally, there is potential for price increases in automotive steel sheets following the recovery in global automobile production volume." He set Hyundai Steel's target price at 40,000 KRW.

Over the past five days, individual investors have net sold 793,827 shares of Hyundai Steel, while foreigners and institutions have net bought 462,019 shares and 262,825 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.