Hyundai Rotem, Stock Price Down 1.6% at This Time... 1,155,752 Shares Net Sold by Individuals in Last 5 Days

As of 9:30 AM on the 7th, Hyundai Rotem is trading at 21,550 KRW, down 1.6% from the previous day. The trading volume is 1,404,000 shares, which is about 11.62% of the previous day's volume. Hyundai Rotem is known as a manufacturer of railway vehicles and a plant construction company for steel mills.

On January 5th, researchers Dongheon Lee and Taehwan Lee from Daishin Securities stated, "The 3Q20 order backlog stands at 9.0226 trillion KRW (+5% yoy), with major orders including Line 9 in 4Q (48 cars, 75.2 billion KRW), and the 3rd mass production of K2 tanks (533 billion KRW). The railway order backlog alone is 7.4 trillion KRW, securing more than five years’ worth of volume compared to last year’s railway sales of 1.3 trillion KRW. The defense order backlog holds 1.6 trillion KRW (+11% yoy). Sales growth is expected to accelerate from 2021. A hydrogen extractor production line has been launched at the Uiwang Research Center, capable of producing 20 units annually with a capacity of 4,700 tons. New businesses such as hydrogen trams (streetcars) and wearable robots are also anticipated." They set Hyundai Rotem’s target price at 20,000 KRW.

Over the past five days, individual investors have net sold 1,155,752 shares of Hyundai Rotem, while foreigners and institutions have net bought 795,891 shares and 528,955 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.