As of 12:30 PM on the 3rd, Hyundai Motor Company is trading at 244,000 KRW, up 1.46% from the previous day. The trading volume is 2,362,104 shares, which is 156.7% of the previous day's volume. Hyundai Motor Company is known as the number one automaker in South Korea.


On February 2nd, Ki-yeon Kim, a researcher at Heungkuk Securities, stated, "Although the stock price rose rapidly at the beginning of the year, we believe that 2021 will see 1) the launch of the Ioniq 5 equipped with E-GMP, 2) expansion of the Genesis lineup, and 3) performance and multiple increases driven by strengthened mobility investments. The launch of high-margin models in 2021 is expected to continue improving performance and profitability. Going forward, with the acquisition of mobility technology and business expansion, we believe multiple expansion beyond the value traditionally assigned to automobile manufacturers is possible." He set Hyundai Motor Company's target price at 300,000 KRW.


Over the past five days, individual investors have net purchased 940,445 shares of Hyundai Motor Company, while foreigners and institutions have net sold 261,290 shares and 653,734 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.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing