HMM, Stock Price Down 0.98% at This Hour... Foreigners Net Buy 10,125,665 Shares in Last 5 Days

As of 2:30 PM on the 4th, HMM is trading at 20,200 KRW, down 0.98% from the previous day. The trading volume is 9,922,022 shares, which is about 48.45% of the previous day's volume. HMM is known as a company engaged in the shipping business.

On February 26, analyst Hanjun Lee of KTB Investment & Securities stated, "Freight rates are showing a renewed upward trend with no signs of weakening. Instead of waiting due to concerns about a freight rate peak-out, the 2021 earnings strength needs to be quickly reflected in the stock price. Strong 1Q21E earnings (operating profit of 0.9 trillion KRW) are expected, and considering the valuations of global shipping companies, it is still undervalued. The strong consumption of goods in the U.S. continues, and inventory levels have yet to recover, so container demand is expected to remain strong based on the restocking cycle for the time being." He set HMM's target price at 24,000 KRW.

Over the past five days, individual investors have net sold 9,274,705 shares of HMM, while foreigners and institutions have net bought 10,125,665 shares and net sold 818,874 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated 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.