Hyundai Steel, Stock Price Down 1.49% at This Hour... Institutional Investors Net Sell 193,067 Shares in Last 5 Days

As of 11:31 AM on the 24th, Hyundai Steel is trading at 42,850 KRW, down 1.49% from the previous day. The trading volume is 306,572 shares, which is 43.53% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On March 24, analyst Hyunsoo Lee of Yuanta Securities stated, "Operating profit for long products, represented by rebar and H-beams, is expected to increase in 2021 compared to the previous year, but the growth will not be significant. The segments expected to see substantial performance improvement are plates and overseas subsidiaries. For plates, the spread is expected to widen due to favorable conditions in the Chinese steel industry. Among overseas subsidiaries, the operating profits of Chinese corporations have been improving since 2020. The withdrawal from low-profit businesses such as electric furnace hot-rolled and color steel sheets is also expected to positively impact performance improvement starting this year." He set Hyundai Steel's target price at 53,000 KRW.

Over the past five days, individual investors have net purchased 93,109 shares of Hyundai Steel, while foreigners and institutions have net purchased 116,062 shares and net sold 193,067 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.