Hyundai Motor Securities maintained its target stock price of 43,000 won and investment opinion 'buy' for Hanwha Solution.
Kim Minyoung
kimmy@alphabiz.co.kr | 2024-06-10 07:19:06
Hanwha Solution
[Alpha Biz= Reporter Kim Minyoung] Hyundai Motor Securities said on the 10th that Hanwha Solution will be able to gradually recover in the second half of the year, saying that restructuring of Chinese companies is accelerating due to uncertainties in demand for the U.S. It maintained its target stock price of KRW 43,000 and investment opinion "buy".
According to Hyundai Motor Securities, U.S. solar energy companies have requested additional anti-dumping tariffs (AD/CVD) on modules imported from four Southeast Asian countries, and investigations are underway. According to foreign media, the operation of factories in Southeast Asia of Longi and Trina Solar is gradually suspended.
"U.S. solar companies have asked for additional anti-dumping tariffs of up to 271 percent on modules imported from four Southeast Asian countries, and as a result, the inflow of Southeast Asian products into North America will be virtually impossible in the future," Hyundai Motor Securities predicted.
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