Hyosung Advanced Materials is trading at 288,500 KRW as of 12:30 PM on the 4th, up 1.23% from the previous day. The trading volume is 245,077 shares, which is 35.21% of the previous day's volume. Hyosung Advanced Materials is known as a chemical fiber manufacturer.


On February 1st, Kiwoom Securities researchers Dongwook Lee and Junsu Kwon stated, "In the future, the company's carbon fiber is expected to be applied not only to hydrogen vehicles but also to tube trailers. Currently, tube trailers are mainly Type 1 made of steel, which are heavy and have a small hydrogen transport capacity. Accordingly, domestic government policy projects are underway to develop Type 4 using carbon fiber. Aramid is used to reinforce stiffness by being mixed with nylon in the cap ply part of tires for electric vehicles. After the expansion is completed, sales of aramid for electric vehicles are expected to increase." They set the target price for Hyosung Advanced Materials at 350,000 KRW.


Over the past five days, individual investors have net purchased 32,773 shares of Hyosung Advanced Materials, while foreigners and institutions have net sold 36,488 shares and 3,915 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 financial AI specialist 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