[Special Stock] HD Hyundai Electric Weakens Entering Earnings Off-Season
HD Hyundai Electric's stock price is weak. The buying momentum appears to have decreased as expectations weakened due to entering the earnings off-season.
![[Special Stock] HD Hyundai Electric Weakens Entering Earnings Off-Season](http://www.asiae.co.kr/news/img_view.htm?img=2023103012565333445_1698638213.jpg)
At 9:46 a.m. on the 6th, HD Hyundai Electric was trading at 235,000 KRW, down 4.08% from the previous day.
HD Hyundai Electric's stock price has been declining since its surprise earnings in the second quarter. Accordingly, Dongheon Lee, a researcher at Shinhan Investment Corp., diagnosed, "This seems to be due to entering the earnings off-season, the perception of a peak making it difficult to show greater growth, supply and demand pressure on high-growth stocks due to risk-averse sentiment in the stock market, and the strength of the Korean won."
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However, the researcher added, "Although expectations for third-quarter earnings are lowered, trading opportunities remain due to the boom."
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