[Click eStock] "HD Hyundai Elec Proves High Profitability"

NH Investment & Securities on the 24th raised the target price of HD Hyundai Electric from 350,000 KRW to 410,000 KRW, stating that its profitability has improved to the level of global competitors.

HD Hyundai Electric recorded consolidated sales of 916.9 billion KRW and operating profit of 210 billion KRW in the second quarter of this year. These figures represent increases of 43% and 257%, respectively, compared to the same period last year. The operating profit margin reached 22.9%.

Lee Min-jae, a researcher at NH Investment & Securities, explained, "HD Hyundai Electric's second-quarter operating profit exceeded the market expectation of 124 billion KRW," adding, "It is achieving high profitability similar to that of global competitors." He further stated, "Regardless of the outcome of the U.S. presidential election, investment in power grids will continue," emphasizing that "building a stable and affordable power grid is essential."

He predicted, "The transition from North America to Europe, and from power utilities to big tech companies, is occurring simultaneously," adding, "Market expansion is expected to continue for the time being."

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