[Featured Stock] Hyundai Motor Rises on Strong Earnings and Shareholder Returns Expectations

On the 13th, Hyundai Motor shows strong performance from the beginning of the trading session, thanks to solid Q2 results and shareholder return expectations. On this day, SK Securities raised Hyundai Motor's target stock price from 290,000 KRW to 330,000 KRW.

As of 9:14 AM, Hyundai Motor is trading at 279,000 KRW, up 3.33% (9,000 KRW) compared to the previous day.

On this day, Yoon Hyuk-jin, a researcher at SK Securities, stated, "Hyundai Motor's Q2 operating profit is expected to be 4.2 trillion KRW, down 0.7% year-on-year, and sales are expected to increase by 2% to 43.1 trillion KRW, showing solid performance."

Researcher Yoon analyzed, "Global wholesale sales volume rose 0.8% year-on-year to 1,068,000 units, and despite sluggish domestic market conditions, overseas sales, mainly in North America, are expected to perform well." He added, "The increase in sales of key HEV models such as Santa Fe and Tucson is also expected to continue driving up the average selling price (ASP)." Additionally, he explained that strong performance is expected due to factors such as a decline in raw material prices and a 3.0% quarter-on-quarter increase in exchange rates.

Expectations for Hyundai Motor's shareholder returns are also a background for the stock price upgrade. Researcher Yoon evaluated, "This year, the IPO of the Indian subsidiary and next year's listing of Boston Dynamics could lead to a revaluation of Hyundai Motor's value," and added, "With the recent shareholder return rate at 25%, purchasing 2 trillion KRW worth of treasury shares could immediately raise the shareholder return rate to 40%."

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