[Special Stock] HD Hyundai Rises on Expectations of Holding Company Revaluation
HD Hyundai's stock price is on the rise. The expectation of a holding company revaluation due to the increased value of its subsidiaries appears to be influencing the stock price.
As of 9:41 AM on the 31st, HD Hyundai is trading at 84,100 KRW, up 3.06% from the previous day.
Jongryul Park, a researcher at Heungkuk Securities, stated, "The second-quarter earnings recorded a solid performance exceeding expectations," adding, "Structural performance improvements of various subsidiaries such as Korea Shipbuilding & Offshore Engineering, Hyundai Site Solutions, Hyundai Electric, and Hyundai Marine Solutions are leading to a stock price revaluation."
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Researcher Park continued, "With the solid value of both listed and unlisted investment securities, steady stock price revaluation is possible through strengthened shareholder return policies," and added, "Based on this year's expected dividend per share (DPS) of 4,000 KRW, the dividend yield is 4.9%. There is also potential for an upward revision of the DPS due to strong earnings."
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