[Featured Stock] HD Hyundai Mipo Rises on Q2 Profit Turnaround Outlook... New High
HD Hyundai Mipo is showing strong performance amid expectations of turning a profit in the second quarter of this year. It recorded a 52-week high during trading.
At 9:28 a.m. on the 10th, HD Hyundai Mipo was trading at 98,500 KRW, up 2,700 KRW (2.82%) from the previous day. During the session, it hit 100,000 KRW, setting a new 52-week high.
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "Sold Everything Fearing Bankruptcy, Then It Soared 3,900 Times: How a Stock Once Feared for Delisting Became an AI Powerhouse"
- Court Partially Grants Samsung Electronics' Injunction to Prohibit Industrial Action... 100 Million Won Penalty Per Day for Violations
- President Lee: "Corporate Management Rights Should Be Respected as Much as Labor Rights"...Final Samsung Labor-Management Negotiations (Comprehensive)
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
On the same day, SK Securities forecasted that HD Hyundai Mipo would turn a profit in the second quarter faster than expected and raised the target price from 90,000 KRW to 115,000 KRW. Seunghan Han, a researcher at SK Securities, stated, "We estimate that HD Hyundai Mipo achieved a quarterly profit turnaround one quarter earlier than previously expected, with second-quarter sales increasing by 1.5% year-on-year to 1.049 trillion KRW and operating profit reaching 4.4 billion KRW. The target price was raised due to upward revisions in earnings estimates resulting from faster-than-expected process stabilization."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
