Hyundai Steel, 1,851,392 Shares Net Sold by Individuals in Last 5 Days... Stock Price 48,000 KRW (+3.45%)

As of 9:30 AM on the 29th, Hyundai Steel is trading at 48,000 KRW, up 3.45% from the previous day. The trading volume is 894,707 shares, which is 33.38% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On March 26, Baek Gwang-je, a researcher at Kyobo Securities, stated, "'21 consolidated sales reached 19.7 trillion KRW (YoY +9.1%), operating profit was 564.1 billion KRW (YoY +672.4%). Thanks to the recent steel price strength driven by economic recovery expectations, demand recovery, and product price increases, a large-scale turnaround in 2021 performance is expected. The development of COVID-19 vaccines and global economic recovery have led to a rebound in economic growth rates. Significant demand recovery in front-end industries such as automobiles and construction, along with expansion of orders centered on high value-added LNG ships, is expected to result in double-digit sales growth on a standalone basis and the highest operating profit since 2019." He set Hyundai Steel's target price at 53,000 KRW.

Over the past five days, individual investors have net sold 1,851,392 shares of Hyundai Steel, while foreigners and institutions have net bought 874,665 shares and 1,114,315 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 financial AI specialist Thinkpool.

This content was produced with the assistance of AI translation services.