Hyundai Steel, 2,239,244 Shares Net Sold by Individuals in Last 5 Days... Stock Price 48,600 KRW (+1.57%)

As of 10:32 AM on the 31st, Hyundai Steel is trading at 48,600 KRW, up 1.57% from the previous day. The trading volume is 547,348 shares, which is 32.85% 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 expectations of economic recovery, strong steel prices, demand recovery expectations, and product price increases, '21 performance is expected to achieve a large-scale turnaround. The development of COVID-19 vaccines and global economic recovery have led to a rebound in economic growth rates. Significant demand recovery in front 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 2,239,244 shares of Hyundai Steel, while foreigners and institutions have net bought 650,323 shares and 1,735,689 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.